Description
Being sold as a package; two buildings (5 unit apartment and an 8 unit apartment). 5 Unit Address: 1208 W White Oak St, Independence, MO 64050 Both buildings have been generously updated with new windows, new roof on the 8 unit (the 5 unit has a flat roof with recent repairs), full exterior paint and majority of the units have had new flooring (LVT) and paint. However, the real appeal of these two buildings is the location - literally walking distance to Downtown Independence and just 15 minutes drive from Downtown KC, and minutes from the Stadiums, there is always high demand from tenants throughout the area for clean and comfortable housing. In addition to that, this area continues to appreciate with multiple new builds, businesses and infrastructure moving into the area. Every unit is occupied except one, which was just recently fixed up so it will be marketed out shortly. The 5 unit has off street parking, while the 8 unit has plenty of space on the quiet crossroad it sits on. The property currently grosses $8,540 per month but with some of the units renting far below market value, there is room to reach 5 figure rents! This would make an excellent investment for any investor or group seeking to purchase, do minor updates/ rent increases and resale in a 1-3 year period. Or better yet, hold it for 10+ years, take excellent cash flow and take advantage of what will likely be an incredible amount of appreciation as KC progresses overall as a metro!
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Description
Being sold as a package; two buildings (5 unit apartment and an 8 unit apartment). 5 Unit Address: 1208 W White Oak St, Independence, MO 64050 Both buildings have been generously updated with new windows, new roof on the 8 unit (the 5 unit has a flat roof with recent repairs), full exterior paint and majority of the units have had new flooring (LVT) and paint. However, the real appeal of these two buildings is the location - literally walking distance to Downtown Independence and just 15 minutes drive from Downtown KC, and minutes from the Stadiums, there is always high demand from tenants throughout the area for clean and comfortable housing. In addition to that, this area continues to appreciate with multiple new builds, businesses and infrastructure moving into the area. Every unit is occupied except one, which was just recently fixed up so it will be marketed out shortly. The 5 unit has off street parking, while the 8 unit has plenty of space on the quiet crossroad it sits on. The property currently grosses $8,540 per month but with some of the units renting far below market value, there is room to reach 5 figure rents! This would make an excellent investment for any investor or group seeking to purchase, do minor updates/ rent increases and resale in a 1-3 year period. Or better yet, hold it for 10+ years, take excellent cash flow and take advantage of what will likely be an incredible amount of appreciation as KC progresses overall as a metro!
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