Lane Ave Fourplexes

Portfolio of three 1980s fourplex buildings (12 units total) right in a row in desirable Raytown, Missouri. 100% two-bedroom, one-bath units with in-unit laundry. Sub-metered for gas and electric and surface on-site parking in front of the buildings. Central heat & air along with a deck or patio for
each unit check all the boxes for tenants. Great price to rent ratio for this era of construction and existing rents. $1,000/mo being achieved with current finishes and clear rental upside through higher-end upgrades. A textbook income-producing multifamily investment with strong tenant appeal and future value-
add.

Why We Love It: Great price per door for 1980s construction, 100% two bedroom units with in unit laundry and parking. Everything tenants look for in a rental.

The Challenge: Select capital needs on the buildings are figured into pricing — primarily aging HVAC units and concrete apron repairs are needed on the buildings.

The Value-Add Play: Get units up to market rent as leases turn over. Consider some exterior curb appeal investment and unit updates to push rents.