Lathrop 10 Unit Portfolio

  • $985,000
Featured For Sale
505 Short Ave, Cameron, MO 64429
  • Rental Portfolio
  • Property Type
  • 10
  • Rooms
  • 9,546
  • Sq Ft
  • 1998
  • Year Built
Featured For Sale
505 Short Ave, Cameron, MO 64429
  • $985,000

Overview

  • Rental Portfolio
  • Property Type
  • 10
  • Rooms
  • 9,546
  • Sq Ft
  • 1998
  • Year Built

Description

Discover an exceptional investment opportunity in Lathrop, Missouri located just north of Kansas City and part of the growing Metro area. Lathrop is a thriving town with a portfolio of 10 units spread across 2 legal parcels. Comprising 3 duplexes and 1 fourplex, these well-maintained properties total 9,546 sq ft, and 100% 2 bedroom units. Constructed from 1997 onwards, all units feature in-unit washer/dryers with modern layouts and finishes. Each property offers attached garages, while the fourplex provides convenient on-site parking. Currently, 100% occupied with the opportunity to cash flow from day one. This portfolio is an ideal blend of stability and potential for growth!

The Value Add Play: Get all the units up to market rent as leases expire.

Why We Love It: 100% occupancy and great per door pricing for in-place income and property vintage. In-Unit Laundry and on site parking. Well below replacement cost.

Challenges: Smaller markets are harder to find reliable property management in. Current owner has a good PM in place who is doing a great job and wants to stay on with the new owner.

800-02 Wolf Dr, Lathrop, MO 64465 (Duplex)
804-06 Wolf Dr, Lathrop, MO 64465 (Duplex)
805-07 Wolf Dr, Lathrop, MO 64465 (Duplex)
904 Short St, Lathrop, MO 64465 (Fourplex)

  • Address 505 Short Avenue
  • City Lathrop & Cameron
  • State/county Missouri
  • Zip/Postal Code 64429
  • Country United States

Details

Updated on September 30, 2024 at 2:27 pm
  • Price: $985,000
  • Property Size: 9,546 Sq Ft
  • Rooms: 10
  • Bathroom: Built In 1998
  • Garages: 10 Units
  • Year Built: 1998
  • Property Type: Rental Portfolio
  • Property Status: For Sale

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Michelle Lutz
  • Michelle Lutz