Welcome to Raytown Townhomes in the highly desirable Raytown, Missouri! This complex offers 10 two-bedroom units and 1 one-bedroom unit, all recently renovated with modern finishes, including LVP flooring and stainless-steel appliances. A brand-new roof was installed in 2024. Residents benefit from on-site parking and laundry facilities for added convenience.

Located within walking distance to downtown Raytown’s dining, shopping, and grocery options, and just a 7-minute drive to Arrowhead and Royals Sports Complex, this property is perfectly positioned. Enjoy suburban living with easy access to Kansas City metro amenities.

Currently, 10 out of 11 units are occupied with an average rent of $884 for 2 Bed, and $760 for 1 Bed, providing strong value-add potential with market rents averaging $1,050 and $825. Each unit is separately metered for utilities, keeping expenses low. Don’t miss this outstanding investment opportunity!

The Value Add Play: Get rents up to market rate and consider adding in-unit washer/dryer, there is a perfect laundry room location that already exists in the units, which would allow the current laundry room to be converted to the 12th unit.

Why We Love It: The perfect stabilized value-add property with 90% 2-bedroom units, on-site parking, and on-site laundry with ability to increase income in the future with laundry room conversion to a unit.

Challenges: Within the next five years some exterior capex will be needed including painting and wooden stair repair, additionally cosmetic updates may be needed as tenants turn over to achieve market rents.