10% Cash-on-Cash with 4plex in Kansas City 'burb

[Mike Bryant]

FOR SALE - Excellent cash-flowing 4plex building in Lee's Summit, MO. WE have owned this building for 3 years and had planned to keep it longer-term for cash flow, but due to the need to pay off other debts we are wanting to sell it. Appraised in March 2014 for $277,000. Recent updates: new roof in 2012, New HVAC in 2 of the 4 units (other two are approx 8 years old) Many ceramic tile upgrades on all 4 units, some newer appliances. Asking $275,000.

Financial Overview:

Gross Income: $37,500

Taxes: $4,600

Insurance: $2,900

Vacancy & Repairs/Maint $5,625   (15%)

Management  $3,000   (8%)

Lawn/Snow    $1,200

HOA $60

Net Operating Income: $20,115 CAP Rate: 7.34%

If financed with 20% Down, cash-on-cash ROI would be approx 10.5% after debt service.

For more info, contact Mike at 816-365-7873 or email me at [email protected].

Thank you,