Mock Ave Apartments

  • $659,000
Featured For Sale
809 NW Mock Ave, Blue Springs, MO 64015
  • Apartments
  • Property Type
  • 6
  • Rooms
  • 4,860
  • Sq Ft
  • 1983
  • Year Built
Featured For Sale
809 NW Mock Ave, Blue Springs, MO 64015
  • $659,000

Overview

  • Apartments
  • Property Type
  • 6
  • Rooms
  • 4,860
  • Sq Ft
  • 1983
  • Year Built

Description

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.

  • Address 809 NW Mock Ave, Blue Springs, MO
  • City Blue Springs
  • State/county Missouri
  • Zip/Postal Code 64015
  • Country United States

Details

Updated on June 27, 2024 at 2:40 pm
  • Price: $659,000
  • Property Size: 4,860 Sq Ft
  • Rooms: 6
  • Bathroom: Built In 1983
  • Garages: 6 Units
  • Year Built: 1983
  • Property Type: Apartments
  • Property Status: For Sale

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