Off Market – 2-Property Portfolio: Kansas City, Missouri

Kansas City, MO.

2-property portfolio with 60 multifamily units.
The properties can be sold together or separately.
One is located in Kansas City proper and the other is located just outside.
Both properties are 1960s vintage and fully gutted in 2020 with new top roofs, siding, windows, asphalt, fences/gates, HVAC, plumbing, electrical, cabinets, appliances.
One of the properties contains assumable debt with a balance of 66% LTV, 4.1% interest rate, and 5 years of term remaining.

• Total Population (3-Mile Radius): 61,899
• Median HH Income (3-Mile Radius): $38,887
• Population Growth ’24-’29 (3-Mile Radius): 1.83%
• Submarket Avg. Vacancy Rate (1-3 Star): 6.3% (0.4% YOY Change)
• Submarket Rent Per Unit (1-3 Star): $2,087