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Mock Ave Apartments - Lutz Sales & Investments

Mock Ave Apartments

  • $2,633,000
Featured Sold
805, 809, 813 & 817 NW Mock Ave, Blue Springs, MO 64015
  • Apartments
  • Property Type
  • 24
  • Rooms
  • 19440
  • Sq Ft
  • 1983
  • Year Built
Featured Sold
805, 809, 813 & 817 NW Mock Ave, Blue Springs, MO 64015
  • $2,633,000

Overview

  • Apartments
  • Property Type
  • 24
  • Rooms
  • 19440
  • Sq Ft
  • 1983
  • Year Built

Description

Experience rental property investing at its finest with the Mock Ave Apartments. These three 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, these properties include 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 805, 809, 813 & 817 NW Mock Ave
  • City Blue Springs
  • State/county Missouri
  • Zip/Postal Code 64015
  • Country United States

Details

Updated on September 27, 2024 at 8:54 pm
  • Price: $2,633,000
  • Property Size: 19440 Sq Ft
  • Rooms: 24
  • Bathrooms: Built In 1983
  • Garages: 24 Units
  • Year Built: 1983
  • Property Type: Apartments
  • Property Status: Sold

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