6307 Ash Ave - Apartments FOR SALE


Raytown, MO 64133
$959,000 USD
913-426-5576
6307 Ash Ave, Raytown, MO for Sale
$959,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

6307 Ash Ave
Raytown, MO 64133


HIGHLIGHTS

  • 90% Two Bedroom Units
  • Spacious Floorplans with Updated Finishes and Stainless-Steel Appliances
  • Ample On-Site Parking & Laundry Facility
  • Sub-metered Utilities
  • Brand New Roof Installed in 2020
  • Value-Add Opportunity by Adding In-Unit Landry and Converting Laundry Room to the 12th Unit

OVERVIEW

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 2022. 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 Chiefs Arrowhead and Royals Stadium, 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. If you want a solid work force housing opportunity in a well-maintained building take a closer look. Don’t miss this outstanding investment opportunity!

FOR SALE DETAILS

PRICE

$959,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

11

PRICE/UNIT

$87,182

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raytown Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,081 SF

ZONING

R-3 Multi Household Build

APN/PARCEL ID

45-130-20-06-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.