1700 E 36th Street, Kansas City, Missouri 64109
9 Unit Investment Property for sale in the Squier Park Neighborhood of Kansas City. Seller is motivated. Units are currently vacant and present a value-add opportunity for investors. Given some repairs and renovations, this property should generate $5,400 gross per month ($600 per unit per month). Units are individually metered for electric and water. All financial calculations include the assumption that $90,000 will be invested to renovate the property.
9 unit apartment building in the Squier Park neighborhood. Currently vacant and in need of some renovation. All 9 units are 1 Bed / 1 Bath units. Individually metered with front and rear access for each unit. Parking is all on-street.
Financing Calculations assume $10,000 per door rehab costs (total $90,000). Debt Service calculations based on 80/20 LTV, 25 year term @ 6%.
- $230,000 List Price
- $90,000 Assumed renovation Cost
- NOI = $40,668
- OpEX = $19,440
- Cap Rate = 16.95
- GRM = 3.70
1/3/2019 5:04:50 PM
5/25/2019 4:39:00 PM