Wolf Duplex Package

  • $595,000
Featured For Sale
800-805 Wolf Dr, Lathrop, MO 64465
  • Duplex Package
  • Property Type
  • 6
  • Rooms
  • 5724
  • Sq Ft
  • 1997
  • Year Built
Featured For Sale
800-805 Wolf Dr, Lathrop, MO 64465
  • $595,000

Overview

  • Duplex Package
  • Property Type
  • 6
  • Rooms
  • 5724
  • Sq Ft
  • 1997
  • Year Built

Description

Prime investment opportunity in the rapidly expanding town of Lathrop, MO, just minutes from Kansas City! This portfolio includes 3 duplexes, all built in 1997, situated on a single legal parcel with 6 fully occupied units. Each unit features in-unit washer/dryers, modern finishes, open layouts, and attached garages. Currently generating $965/month in rent per unit, with potential to increase to $1050/month. With its solid rental history and potential for growth, this property is a smart addition to any portfolio. These duplexes have never been vacant, and all are occupied by great-paying tenants.

The Value Add Play: Get all the units up to market rent as leases expire.

Why We Love It: 100% occupancy and great per door pricing for in-place income and property vintage. In-Unit Laundry and on-site parking. Well below replacement cost.

Challenges: Smaller markets are harder to find reliable property management in. Current owner has a good PM in place who is doing a great job and wants to stay on with the new owner.

800-02 Wolf Dr, Lathrop, MO 64465 (Duplex)
804-06 Wolf Dr, Lathrop, MO 64465 (Duplex)
805-07 Wolf Dr, Lathrop, MO 64465 (Duplex)

  • Address 800-805 Wolf Drive
  • City Lathrop
  • State/county Missouri
  • Zip/Postal Code 64465
  • Country United States

Details

Updated on September 30, 2024 at 2:27 pm
  • Price: $595,000
  • Property Size: 5724 Sq Ft
  • Rooms: 6
  • Bathroom: Built In 1997
  • Garages: 6 Units
  • Year Built: 1997
  • Property Type: Duplex Package
  • Property Status: For Sale

Compare listings

Compare
Michelle Lutz
  • Michelle Lutz