Valley Woods Fourplex

Built in 1987, this well-maintained fourplex features four 2-bedroom, 1-bathroom units with washer/dryer hookups, private balconies, and an attached one-car garage. 3/4 units have modern finishes including stainless steel appliances, granite countertops, & LVP flooring. Units are sub-metered for all utilities.

Three of four units are currently occupied with average rents of $1,060/month with market rent of $1,150. Residents enjoy top-rated schools, abundant parks and trails, the community aquatic center, and quick access to Lake Jacomo for recreation.

Why We Love It: 2-bed/1-bath units in Grain Valley. Turnkey with attached garages, balconies, and modern finishes. Solid 1987 construction plus top schools. 

The Challenge: Three out of four units have already been nicely updated by the current owner, the one unit in more classic shape is achieving close to the renovated units on rental rate, indicating a rental rate ceiling in the market regardless of unit finish. 

The Value-Add Play: Push all rents to market value and consider renovating the final unit on the next tenant turn.