Clinton County Rental Portfolio

  • $1,450,000
Featured For Sale
505 Short Ave, Cameron, MO 64429
  • Rental Portfolio
  • Property Type
  • 14
  • Rooms
  • 15742
  • Sq Ft
  • 2000
  • Year Built
Featured For Sale
505 Short Ave, Cameron, MO 64429
  • $1,450,000

Overview

  • Rental Portfolio
  • Property Type
  • 14
  • Rooms
  • 15742
  • Sq Ft
  • 2000
  • Year Built

Description

Discover an exceptional investment opportunity in Clinton County, Missouri located just north of Kansas City and part of the growing Metro area. Lathrop & Cameron, are thriving towns with a portfolio of 14 units spread across 4 legal parcels. Comprising 5 duplexes and 1 fourplex, these well-maintained property total 15,742 sq ft and offers a diverse mix of 2, 3, and 4-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.

1401-03 Wesleyan Ct, Cameron, MO 64429 (Duplex)
505 Short Ave, Cameron, MO 64429 (Duplex)
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 Ave, Cameron, MO
  • City Lathrop & Cameron
  • State/county Missouri
  • Zip/Postal Code 64429
  • Country United States

Details

Updated on July 9, 2024 at 9:04 pm
  • Price: $1,450,000
  • Property Size: 15742 Sq Ft
  • Rooms: 14
  • Bathroom: Built In 2000
  • Garages: 14 Units
  • Year Built: 2000
  • Property Type: Rental Portfolio
  • Property Status: For Sale

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