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Archived 2 months ago

$540,000

rooms 4+ ba 9619 sqft

6310 Raytown Rd, Raytown, MO 64133

Commercial Multifamily Occupied

Current Rent **

$5,315

Projected Rent **

$5,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

6 unit fully occupied complex

Located in downtown Raytown, this 6 unit building is bringing in great cash flow and is 100% occupied. Tenants are close to shops and the new Rock Island trail head. Each unit is unique in layout and size. There is one studio, one 1-bedroom, two 2-bedrooms, and two 3-bedroom units. Underneath the building is a basement garage that has been rented out for several years, and there are 3 small storage units on the ground floor that are rented and bringing in additional income as well. This past year, a shared laundry room has been added to the ground floor with an electronic user interface/web app to generate earnings also. This building has been converted for maximum revenue! Property is listed on the MLS by Robin Hunter, Chartwell Realty agent.

Location:

6310 Raytown Rd, Raytown, MO 64133

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.