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Updated almost 7 years ago on . Most recent reply

User Stats

58
Posts
51
Votes
Ian Reeves
  • Rental Property Investor
  • Shawnee Mission, KS
51
Votes |
58
Posts

Selling two 4-Plexes in Kansas City, great cash-flow!

Ian Reeves
  • Rental Property Investor
  • Shawnee Mission, KS
Posted

We have a pair of 4-plexes in Grandview MO,  We are currently in the process of renovating 5 of the 8 units (Rents listed are market rent).  3 of the units are currently occupied.  We purchased the properties in an under-performing condition and will have 5 of the 8 units ready to re-lease at market rent prior to sale.  Market rent is $500 per unit.  The three occupied units are currently renting for $375, $350 and $395.  One lease is currently not performing.  This property will perform very well once fully occupied at market rent ($2,000 gross market rent for $140,000).  We will sell individually for $140,000 or will discount and sell for $270k as a pair.

Offering

Most Popular Reply

User Stats

51
Posts
32
Votes
Michael Hajduk
  • Investor
  • Omaha, NE
32
Votes |
51
Posts
Michael Hajduk
  • Investor
  • Omaha, NE
Replied

Will the renovations be completed before a closing?

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