SEE ATTACHED EXECUTIVE SUMMARY: Original builder / owner Portfolio sale offered at $60.00 a sq. ft. Package of 13 buildings 26 units split level entry duplexes. Well under market rents. Located in duplex neighborhoods. Well maintained no major deferred maintenance needed. Tenants pay all utilities. Property values in 66109 zip code have increased 8.3?% (?) over the past 12 months. Leased well below market due to area demand. Tremendous upside opportunity via rent increases and area appreciation. Located in an explosive growth area. 11-Buildings located in the Terrydale subdivision average sq. ft. 3,000, 2 bed 1.5 bath 1 car garage.2-Building located in the Foxmoor Phase III subdivision average sq. ft. 3,200, 2 bed, 1.5 bath, 1 car garage. Close too: Amazon Distribution center 5 minutes, The Legends Shopping Center, Nebraska Furniture Mart, Children's Mercy Park, Sporting KC Soccer, Kansas Speedway 9 minutes, Downtown Kansas City- 19 minutes Arrowhead Stadium, Kauffman Stadium 29 minutes, KCK Community College nearby. Kansas Speedway currently hosts two annual NASCAR race weekends. Kansas Speedway brings $243 million to the state of Kansas each year. It also provides over 5000 jobs, with 4000 jobs coming directly from track operations.
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4/21/2021 2:00:00 AM |