Grandview 17 Townhomes

Introducing the Grandview 17 Townhomes, an upgraded townhome community centrally located along the I-49 Corridor in Grandview, Missouri. Built in the 1990s with all units rehabbed in the last three years. The building also has new roofs, a new exterior paint job, and a fresh coat of asphalt in the parking lot.

Each unit offers two bedrooms and a full bathroom along with a half bathroom. Unit finishes include luxury vinyl flooring, stainless steel appliances, over the range microwaves, quartz countertops, and carpeted bedrooms. Each unit also has laundry hookups and parking right outside their unit along with a spacious outdoor patio and yard, providing a perfect blend of comfort and style for residents.

Tenants pay for gas and electric, the owner bills back tenants for water with a Gaurdian water system. Located in a central Grandview, Missouri location, just off I-49, these townhomes offer easy access to major travel routes and ample employment opportunities. This property combines modern amenities with a convenient location, making it an attractive investment with proven rental demand.

The Value Add Play: This is a largely stabilized property, the new owner would focus on operational efficiencies and getting all units up to market rent. Ability to furnish some medium term rentals would really juice cash flow.

Why We Love It: All units are freshly renovated with a luxury finish, have two bedrooms, parking, and in-unit laundry. Additionally, the owner has taken cared of all the capital expenses for years to come

Challenges: Rental increases will be slow and steady, with no major income upside with traditional long-term rentals.