Investment Available
Purchase Price
$2,700,000
Rehab Budget
$100,000
Stabilized Value
$5,153,738
Stage
Active
Property Description
This townhouse style multifamily is conveniently located in Kansas City, MO with easy access to highways, shopping & dining. It currently contains Thirty-Seven two-bedroom units. The property currently has a loan with a credit union for 3.847% with 7 years remaning, and the loan is assumable. The property is currently 97% occupied and cashflowing, but mismanaged and under market rents. A savvy operating could bring 33%+ upside almost immediately. Based on market analytics we anticipate the annual NOI to increase from $147k to $217k. Seller is seeking a firm $2.9m which would require approx. $1.3m new cash to close .
Property Location
4211 Linwood Blvd, Kansas City, MO 64128, USA
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Metz Kelly Holdings nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. The opportunities within these pages or documents do NOT constitute offers to sell securities or stock, or solicitations of offers to buy securities or stock. Prospective partners should consult with a tax or legal adviser before making any investment decision.