2623 E 10th St
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2623 E 10th St
4 Unit Apartment Building $410,000 ($102,500/Unit) 7.39% Cap Rate Kansas City, MO 64127
Investment Highlights
- Fully turn-key asset with fantastic in place rents
- Experienced owner willing to stay on as property manager
- Located in appreciating part of town
- Adjacent lot primed for development or additional parking
Executive Summary
The Tiehen Group is pleased to exclusively present 2623 E. 10th Street, a small multi-family property located in Kansas City, MO. The property consists of 4-units, which have large 2-bedroom and 1-bathroom units. The property has been purchased by the seller within the last 3 years and has received numerous interior and exterior renovations. The seller is well versed in this pocket of town and has worked with local programs to increase rents up to $1258/mo. The property also contains an additional 0.16-acre lot which is primed for development. The Tiehen Group envisions the perfect investor for this property as someone who is well versed in C-class properties and understands the benefits of voucher tenancy.
Property Facts
| Price | $410,000 | Building Class | C |
| Price Per Unit | $102,500 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 7.39% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $410,000 |
| Price Per Unit | $102,500 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1909 |
| Parking Ratio | 0.63/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 900 |
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PROPERTY TAXES
| Parcel Number | 28-320-22-33-00-0-00-000 | Improvements Assessment | $41,089 |
| Land Assessment | $1,986 | Total Assessment | $43,075 |
PROPERTY TAXES
Parcel Number
28-320-22-33-00-0-00-000
Land Assessment
$1,986
Improvements Assessment
$41,089
Total Assessment
$43,075
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Jack McGuire -
The Tiehen Group Inc.
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2623 E 10th St
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