Mock Ave Apartments
- $2,633,000
- $2,633,000
Description
Experience rental property investing at its finest with the Mock Ave Apartments. These three 6-unit building offers residents spacious units featuring central heating and air. Renovated units feature premium vinyl flooring, large kitchens with dishwashers, disposals, and stainless-steel appliance packages.
Built in 1983, these properties include on-site laundry facilities and rear off-street parking. Located in the highly-rated Blue Springs school district, this property is situated in a high-demand area with built-in value and substantial growth potential. Don’t miss your chance to invest in Mock Ave Apartments!
The Value Add Play: Get rents up to market. Consider in-unit laundry as a feature to bring in more income. New owner could substantially increase cash flow with furnished medium term nurse rentals.
Why We Love It: 1980s construction, no capital expenses for years to come except to renovate the final four units, if desired, for higher income. Invest in a quiet residential neighborhood and two minutes from Whataburger and Starbucks. Blue Springs just gets better and better, and long term growth looks awesome in this submarket with A+ schools.
Challenges: Current property management has been under-renting renovated units, it will take 9-12 months to be at full income potential for this property.
Address
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Address: 805, 809, 813 & 817 NW Mock Ave
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City: Blue Springs
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State/county: Missouri
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Zip/Postal Code: 64015
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Country: United States
Details
Updated on September 27, 2024 at 8:54 pm-
Price $2,633,000
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Property Size 19440 Sq Ft
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Rooms 24
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Bathrooms Built In 1983
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Garages 24 Units
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Year Built 1983
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Property Type Apartments
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Property Status Sold
