Five Plex in Excelsior Springs, MO (Near Kansas City)

[Kim Tucker]

109 Saratoga AveExcelsior Springs, MO 64024

Five Plex - $125,000

Large 3 story apartment building with 5 units. All units are 1 bed, 1 bath with a 8 space parking lot in the back plus plenty of off street parking. Property is vacant as he is unloading his Kansas City portfolio so take advantage of this cheap deal, rent them out and collect a large 20% return!

Units are vacant and could use some TLC to get rent ready, but great deal once you fix them up and rent them out. Assuming you put 10,000 into getting them ready and rent each unit at the previously rental rate of $450 / unit, you have $2,250 in monthly revenue and $27,000 in annual revenue. 27,0000 a year into your 135,000 all-in investment (125,000 plus 10,000 rehab) makes a unheard of 20% return before expenses!

For more information about this home – CALL Scott Tucker at 816-284-7844.

This Property is a listed property with Scott Tucker at Realty Resource.
Realty Resource, LLC: 816-406-0701
PO Box 1022, Raymore, MO, 64083

[Steven Silva]

What other properties does this seller have in his portfolio? any larger deals?