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Archived over 6 years ago

$630,000

5+ bd 4+ ba

8th and Benton, Kansas City, AL 64124

Residential SFR Occupied Off MLS

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Kansas City Multifamily Package 24 Units

We have added an additional 4plex to the original package contract.

The contract for the package now includes 24 units at $630k (was 20 units at $650k). We are looking for a cash buyer who can close quickly but all offers welcome. 5 of 6 buildings on the same block.

6 buildings/24 units
$11k monthly gross income ($12.7k projected w/duplex occupied)
Less than $27k per door
91% Occupied
5 of 6 buildings in Opportunity Zones with Capital Gains Tax incentives

4 4plex's (fully occupied at $525 per unit)
1 6plex (fully occupied under market rent at $450 per unit)
1 duplex (vacant, partially rehabbed)

4x 4 plexes available near Benton Blvd and E 8th st. - 5 of the units are 3 bedrooms, the rest are 2 bedrooms. Fully occupied at $525/mo per unit.

1 duplex - Top unit is 5 bedrooms, bottom unit is 2 bedrooms. Needs about 20k worth of work. Located next to the 4plexes.

6 plex near N Mersington and St John Fully occupied at $450/mo per unit.

Please PM me your email or email info@capoutinvestments for more info. Looking to make a final decision by the end of the week.

Location:

8th and Benton, Kansas City, AL 64124

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.