Incredible opportunity to purchase a package of 18, income-producing condos. All condos are located within the same 56 unit complex. In 2022, the entire complex had all new roofs installed, new parking lot and new complete high efficiency HVAC systems installed in all units. The portfolio provides minimal expenses and tremendous upside to raise rents. In-place Cap Rate - 8.43%, with an opportunity to raise rents to achieve a 9.11% Cap.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Listing data copyright 2024. Information From Third Parties, Deemed Reliable But Not Verified. RE/MAX Kansas-Missouri does not display the entire IDX database of MidAmerica Regional Information Systems, Inc. (MARIS MLS) on this website. Property listings of some REALTOR® brokerage firms have been excluded.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
2024. Information From Third Parties, Deemed Reliable But Not Verified.