Odessa Rental Portfolio

  • $1,350,000
Featured Sold
100 E Otway St, Odessa, MO 64076
  • Rental Portfolio
  • Property Type
  • 18
  • Rooms
  • 14214
  • Sq Ft
  • 2008
  • Year Built
Featured Sold
100 E Otway St, Odessa, MO 64076
  • $1,350,000

Overview

  • Rental Portfolio
  • Property Type
  • 18
  • Rooms
  • 14214
  • Sq Ft
  • 2008
  • Year Built

Description

Discover this exceptional investment opportunity in Odessa, Missouri. This portfolio includes three fourplexes and one sixplex, all built in 2008-2010. Each spacious unit offers 2 bedrooms and 1 bath, with an current average rent of $831/mo and upside to $919/mo.
Residents enjoy the comfort of central heat & air and the convenience of washer/dryer hookups in every unit. Off street parking is just outside the unit’s front door. Flooring is durable LVP and units feature modern spacious kitchens and bathrooms.
All properties are situated within just a few blocks of each other, ensuring ease of management. Odessa is located along the I-70 corridor so residents enjoy the quiet country life while they can easily reach the Kansas City metro for employment and entertainment. Charming Odessa has it’s own downtown, plenty of parks, and a well-rated school district. Don’t miss out on this exciting opportunity!

The Value Add Play: Complete renovations in the units and consider a few furnished short and medium term rentals, there is great demand in Odessa!

Why We Love It: Newer construction all electric buildings with 2008-2010, in-unit laundry, two bedrooms, and on site parking. All at an affordable price point for residents.

Challenges: A few under-market units will require cosmetic updates to achieve current market rent.

  • Address 100 E Otway Street
  • City Parkville
  • State/county Missouri
  • Zip/Postal Code 64076
  • Country United States

Details

Updated on October 1, 2024 at 2:41 pm
  • Price: $1,350,000
  • Property Size: 14214 Sq Ft
  • Rooms: 18
  • Bathroom: Built In 2008
  • Garages: 18 Units
  • Year Built: 2008
  • Property Type: Rental Portfolio
  • Property Status: Sold

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Michelle Lutz
  • Michelle Lutz