Twin Oaks Six Duplex Package

  • $1,290,000
Featured For Sale
206-210 N Chestnut St & 214, 223, 224 N Oak Dr Belton, MO 64012
  • Duplex Package
  • Property Type
  • 12
  • Rooms
  • 12,264
  • Sq Ft
  • 1972
  • Year Built
Featured For Sale

Twin Oaks Six Duplex Package

206-210 N Chestnut St & 214, 223, 224 N Oak Dr Belton, MO 64012
  • $1,290,000

Overview

  • Duplex Package
  • Property Type
  • 12
  • Rooms
  • 12,264
  • Sq Ft
  • 1972
  • Year Built

Description

The Twin Oaks neighborhood in Belton, Missouri presents investors an opportunity to acquire cash flowing rentals in a growing submarket. These six duplexes are all either two bedroom or three bedroom townhome style units with one and a half bathrooms. Residents appreciate high-end upgrades, including new ceiling fans, LVP flooring, new countertops, and new appliances along with on site laundry, extra space in the basements for storage and/or a rec room, and ample green space in the neighborhood. Within the past 3 years, 11/12 units have been completely renovated by the current ownership.

Belton’s rental market is thriving, thanks in part to the rapid growth of the intermodal center, a major logistics hub for distribution across the country. For example, if you’ve ever ordered dog food from Chewy, your package likely came through the intermodal center’s distribution center! The Belton submarket has a strong base of employed tenants with strong demand for larger renovated townhome rental units. Belton is a growing area with strong rental demand for renovated units near ample employment.

The Value Add Play: Get all units up to market rent and renovate the final unit. Consider adding a monthly fee to rents to cover lawn maintenance.

Why We Love It: Townhome style larger units with two or three bedrooms, in-unit laundry, and easy parking. Great in place cash flow with income upside.

Challenges: Duplex packages can have a little more on the capital expense side than an apartment, with more roofs and foundations. On the flip side expense ratios are very low with submetered utilities including water and trash.

  • Address 206-210 N Chestnut St & 214, 223, 224 N Oak Drive
  • City Belton
  • State/county Missouri
  • Zip/Postal Code 64012
  • Country United States

Details

Updated on November 5, 2024 at 9:16 pm
  • Price: $1,290,000
  • Property Size: 12,264 Sq Ft
  • Rooms: 12
  • Bathroom: Built In 1972
  • Garages: 12 Units
  • Year Built: 1972
  • Property Type: Duplex Package
  • Property Status: For Sale

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Michelle Lutz
  • Michelle Lutz