investing in Harrisonville mo

[Jason Malabute]

 I'm looking at a deal in Harrisonville, MO. Harrisonville is part of the Kansas City MSA. However, it's 19 miles away from the southern part of Kansas City and 37.8 miles away from downtown Kansas City. According City-data, 65.3% of the residents in Harrisonville commute to work (34.7% live and work in Harrisonville). Harrisonville's population is only 10,042 as of 2021. Do you think it's distance from Kansas City proper a concern when investing in multifamily?

[Ernst S Coriolan]

It would depend on the number of units in the building, as well as occupancy rate you'd be okay with. All in all I don't think it would be a problem, because the choice to live that far out of the city is probably on purpose, either for financial reasons, or just to get away from the city life to live in a quiet rural area. More than likely these renters would commute to suburbs like Lee's Summit and Overland Park.