Multi-Family•Low-Rise/Garden•For Sale

1700 E 36th Street, Kansas City, Missouri 64109

Sale Price $230,000
Sale Type Investment
Stories 2
Cap Rate 18.10%
Gross Bldg 3,850 SqFt
Land Area .17 Acres
Project Size 9
Net Op Inc $41,622
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

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