Description
Introducing an exceptional opportunity to own a package of 11 well-located and cash-flowing rental units in the Kansas City metro area, offering a lucrative investment opportunity with multiple exit strategies for the new owner. The package consists of 8 townhomes, one single family home, one condo, and one half-duplex. 100% occupied, almost all of the units are 3 bedrooms appealing to a stable, long-term tenant base. The average rent across the entire portfolio is $1338 per month which is still under market by several hundred a month. Many of the properties have month-to-month leases allowing the new owner to increase rents to market quickly. Currently managed by a 3rd party property manager, this package offers cash flow, appreciation and will be easy to own. Properties are grouped geographically in great areas like Grandview, Olathe, and Kansas City. Each townhome in the package is well-maintained and already upgraded to appeal to modern tenants. They feature spacious layouts, stylish finishes, and desirable amenities such as updated kitchens, multiple bathrooms, private garages or parking spaces, in-unit laundry facilities, and outdoor spaces in the form of patios and/or balconies. Tenants pay for all utilities, keeping costs and hassles low for the owner.
-
0BEDS
-
0.64ACRES
-
0BATHS
-
01/2 BATHS
Description
Introducing an exceptional opportunity to own a package of 11 well-located and cash-flowing rental units in the Kansas City metro area, offering a lucrative investment opportunity with multiple exit strategies for the new owner. The package consists of 8 townhomes, one single family home, one condo, and one half-duplex. 100% occupied, almost all of the units are 3 bedrooms appealing to a stable, long-term tenant base. The average rent across the entire portfolio is $1338 per month which is still under market by several hundred a month. Many of the properties have month-to-month leases allowing the new owner to increase rents to market quickly. Currently managed by a 3rd party property manager, this package offers cash flow, appreciation and will be easy to own. Properties are grouped geographically in great areas like Grandview, Olathe, and Kansas City. Each townhome in the package is well-maintained and already upgraded to appeal to modern tenants. They feature spacious layouts, stylish finishes, and desirable amenities such as updated kitchens, multiple bathrooms, private garages or parking spaces, in-unit laundry facilities, and outdoor spaces in the form of patios and/or balconies. Tenants pay for all utilities, keeping costs and hassles low for the owner.
Heartland MLS Terms of Use
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2023, Heartland Multiple Listing Service, Inc. Heartland MLS and Mary Giangalanti & Associates | Platinum Realty do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2023-09-30T23:45:11.47.
Based on information submitted to the MLS GRID as of 2023-09-30T23:45:11.47 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.