All Forum Posts by: Colby Kirk

@Alex Shoaee

@Alex Shoaee

@Caleb Webster The Troost developments are permanently changing Kansas City. Troost/Paseo Corridor and Northeast are two of the hottest areas and that doesn't look to be changing anytime soon.
 

We have a contract for sale on a 4 bldg package just east of downtown in the Historic Northeast neighborhood. 10% Cap rates. 3 4plex's and 1 duplex. All fully occupied except the duplex which needs a little work. We're asking $450k, happy to send along more info if you're interested. We get these type of small MF deals periodically. 

@Todd Romero This area has seen some of the highest appreciations in 2018, as well as one of the highest crime rate drops.  A lot of fed/state money coming in as well. Overall, a great transitioning area to invest in along with Troost/Paseo corridor. 

• 3 4plex's (all fully occupied)
• 1 duplex (not occupied)

Total: $450k

Income: $6,300 (projected $8k with duplex rented)

*Please note this is an updated package- the original package included an additional 6plex, which has been sold*

All 4 plex are fully occupied at $525/mo, $2100/mo gross per building. These 4 plexes have off street parking and are all adjacent to one another. 5 of the units are 3 bedroom, the rest are 2 bedroom units. Value add opportunity, or leave as is and still cash flow.

Landlord pays water/common electric

Duplex: Needs about $20k worth of work - top unit is 5 bedrooms, bottom unit is 2 bedrooms.

All 4 units are on same block. 

Please drop your email or PM me for more details.

Keywords: MF's, multifamilies, cash flow, multi-families, apartments, apartment, apartment building, KCMO, KC

Hi all,

Package of 20 properties 

Asking $800k. Owner willing to do financing at 20% down for 5 year term. Rate negotiable. 

Gross Monthly Income: $12,500

Located in Northeast Kansas City

Drop your email below or PM me for more details. Looking to move fairly quickly.

Hi @Barry H., I'm interested as well [email protected] Thank you!

I would start by getting a more nuanced view of neighborhoods as some of the best opportunities are in the inner core in historically blighted areas.  I would take generalized zip code information with a grain of salt as many of these areas are seeing rapid change, especially in 64109, 64110, 64131, 64123, 64124, parts of 64127, and 64130. Don't jump feet first into a zip code known for high-crime, but also don't discount it.  With a good property management team, you can find great cash flow with high appreciation potential in many of these areas. 

Package of off-market multi-family properties in Northeast Kansas City, Missouri. 

• 3 4plex's 
• 1 6plex
• 1 duplex 

Total: $650k

All 4 plex are fully occupied at $525/mo, $2100/mo gross per building. These 4 plexes have off street parking and are all adjacent to one another. 5 of the units are 3 bedroom, the rest are 2 bedroom units. Value add opportunity, or leave as is and still cash flow. 

6 plex - Fully occupied at $450/mo per unit, $2700/mo gross. All 2 bedroom units. Units have hardwood floors, and tile in kitchen.

Landlord pays water/common electric, and also gas for the 6 plex.

Duplex: Needs about $20k worth of work - top unit is 5 bedrooms, bottom unit is 2 bedrooms.

Contact me for more details.

Keywords: MF's, multifamilies, cash flow, multi-families, apartments, apartment, apartment building, KCMO, KC

We have a few different packages of properties available in Kansas City, MO.

The first package is located in 64134 primarily the Ruskin area with the Hickman Mills School District. 16 SFR, gross monthly rent of $12,650. Price is $1.05M firm.

Second package is all in Northeast KC. This package is 20 properties, 19 SFR and 1 duplex. Monthly gross rent of roughly $12,400. (1 property is vacant). This package is $800k firm.

Also have a third package which is primarily distressed properties, some are in Northeast some are further east near Jackson / 23rd.

We also have property management services in place for anyone who needs help in that area.

If you are interested feel free to send me a private message or comment below. Thanks!