8630 Lane Ave - Apartments FOR SALE


Raytown, MO 64138
$835,000 USD
913-308-0303
8630 Lane Ave, Raytown, MO for Sale
$835,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

8630 Lane Ave
Raytown, MO 64138


HIGHLIGHTS

  • 100% 2 Bedroom Units
  • 1980s Construction
  • Sub-metered for Gas & Electric
  • In-unit Laundry & On-site Parking

OVERVIEW

Portfolio of two 1980s fourplex buildings (8 units total) right in a row in desirable Raytown, Missouri. 100% two-bedroom, one-bath units with in-unit laundry. Sub-metered for gas and electric and surface on-site parking in front of the buildings. Central heat & air along with a deck or patio for each unit check all the boxes for tenants. Great price to rent ratio for this era of construction and existing rents. $1,000/mo being achieved with current finishes and clear rental upside through higher-end upgrades. A textbook income-producing multifamily investment with strong tenant appeal and future value-add.

FOR SALE DETAILS

PRICE

$835,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

8

PRICE/UNIT

$104,375

CAP RATE

Request Cap Rate

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lane Ave Fourplexes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,508 SF

ZONING

-

APN/PARCEL ID

50-220-17-34-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.