Description
Discover an exceptional investment opportunity in Lathrop, Missouri located just north of Kansas City and part of the growing Metro area. Lathrop is a thriving town with a portfolio of 6 units on one legal parcel. Comprising of three duplexes , these well-maintained properties total 5,724 sq ft, and 100% 2 bedroom units. Constructed in 1997, all units feature in-unit washer/dryers with modern layouts and finishes. Currently, 100% occupied with the opportunity to cash flow from day one. This portfolio is an ideal blend of stability and potential for growth!
The Value Add Play: Get all the units up to market rent as leases expire.
Why We Love It: 100% occupancy and great per door pricing for in-place income and property vintage. In-Unit Laundry and on site parking. Well below replacement cost.
Challenges: Smaller markets are harder to find reliable property management in. Current owner has a good PM in place who is doing a great job and wants to stay on with the new owner.
800-02 Wolf Dr, Lathrop, MO 64465 (Duplex)
804-06 Wolf Dr, Lathrop, MO 64465 (Duplex)
805-07 Wolf Dr, Lathrop, MO 64465 (Duplex)
Address
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Address: 800-02, 804-06 & 805-07 Wolf Drive
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City: Lathrop
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State/county: Missouri
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Zip/Postal Code: 64465
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Country: United States
Details
Updated on April 16, 2025 at 8:59 pm-
Price $525,000
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Property Size 5,724 Sq Ft
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Rooms 6
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Bathrooms Built In 1997
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Garages 6 Units
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Year Built 1997
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Property Type Portfolios
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Property Status Sold
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