Sky Vue Fourplexes

1985 construction quads in a growing B+/B class location with lots of retail nearby and well-rated schools. Do not confuse Raytown and Raymore. Raymore is in Cass County and NOT the same as Raytown in Jackson County. Raymore is a nicer area with higher rents and better schools.

Why We Love It: This is stabilized value-add at its finest. Each unit is a very well laid out 2 bedroom unit with one large bathroom and side-by-side laundry hookups in a dedicated area off the kitchen. Each unit has its own spacious one-car garage. Submetered for everything! Laundry, parking, and 2 bedrooms are everything we preach investors to look for in rental properties. 

The Challenge: M2M tenants are way under market for the area, so you’ll need to give 30 day notice and raise rents. If current tenants leave, you will have to do some make-readies. Some stairs and decks need reinforcement and painting and the HVAC all works but is not all brand new.

The Value Add Play: All of the tenants are M2M at $800/mo. The new owner can raise everyone to $1,050/mo and see who leaves. Cosmetic turn on the units for those that do leave and lease up again at $1,095-$1,150/mo. Classic value add in a great neighborhood in KC!