Experience rental property investing at its finest with the Mock Ave Apartments. This 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, the property includes 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.