Raytown Apartments

Solid 6-unit apartment building in centrally located Raytown, Missouri, featuring a diverse mix of 3 Bed/2 Bed/1 Bed & studio units. These units are 100% occupied by market rate tenants. The property has independent heating and cooling in each unit, fully sub-metered utilities (except water), and on-site laundry plus ample parking. A large 8+ car garage provides excellent additional storage that can be leased out for extra income, and the roof is only ~6 years old.

Three of the units are recently renovated and achieving a $200/mo premium over units with classic finishes. The new owner has a value-add opportunity as units turn over with cosmetic updates. The current property manager has already begun charging utility fees to offset the landlord paid water and trash bill.

With strong in-place cash flow, low vacancy risk, and future upside through renovations and storage leasing, this is a light-value-add play in a submarket with great tenant demand. Ideal for investors seeking dependable income today and meaningful equity growth tomorrow.