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)