Three all brick duplexes in Oak Grove, MO - 30 miles east of KC

[Amanda Tilton]

3 all brick duplexes for sale in Oak Grove, Missouri.  Each ranch style unit is 2 bedroom/1 bathroom.  Professional management in place and all units currently rented.  Current rents $690-$750/month.  Wonderful neighborhood of mixed multifamily and single family.  Oak Grove is a small suburb about 30 miles east of Kansas City with great schools.  The city is on year 3 of a 10 year growth plan.  Rental units in this area are limited and rarely vacant.  

Current expenses:

Taxes run $2,100 to $2,200 per building.

Insurance $960 per building.

All Tenant's pay their own utilities

Seasonal Mowing runs about $125 per building per month or $25 per each mow.

Asking price is $425,000 for all three buildings or $141,670 per each building. Owner wants to sell all 3 building together and not interested in a one off sale.