Roe 107 | 4401 W 107th St
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Roe 107 4401 W 107th St
70 Unit Apartment Building $10,000,000 ($142,857/Unit) 5.76% Cap Rate Overland Park, KS 66207
Investment Highlights
- Occupancy is at 96.31% (2023 Avg. - 96.10% since 1/1/2020).
- The loan is assumable, Freddie, 3.96% Fixed Rate, with a maturity date on 10/1/2029, Balance: $6,548,062.
- Rent has increased 15% in the last 30 months. RUBS increased by 33% in same period.
- NOI increased for 2 consecutive years, on track for 2024. T12 NOI is $96K over 2022.
Executive Summary
Occupancy is at 96.31% (2023 Avg. - 96.10% since 1/1/2020). Rent has increased 15% in the last 30 months. RUBS increased by 33% in same period. NOI increased for 2 consecutive years, on track for 2024. T12 NOI is $96K over 2022. The loan is assumable, Freddie, 3.96% Fixed Rate, with a maturity date on 10/1/2029, Balance: $6,548,062.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$577,937
|
$12.91
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $577,937 |
| Annual Per SF | $12.91 |
Property Facts Under Contract
| Price | $10,000,000 | Building Class | A |
| Price Per Unit | $142,857 | Lot Size | 2.35 AC |
| Sale Type | Investment | Building Size | 44,777 SF |
| Cap Rate | 5.76% | Average Occupancy | 96% |
| No. Units | 70 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1989/2018 |
| Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
| Apartment Style | Low Rise |
| Price | $10,000,000 |
| Price Per Unit | $142,857 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 2.35 AC |
| Building Size | 44,777 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2018 |
| Parking Ratio | 2.03/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- Elevator
PROPERTY TAXES
| Parcel Number | NP20500005-0000 | Improvements Assessment | $880,623 |
| Land Assessment | $70,772 | Total Assessment | $951,395 |
PROPERTY TAXES
Parcel Number
NP20500005-0000
Land Assessment
$70,772
Improvements Assessment
$880,623
Total Assessment
$951,395
zoning
| Zoning Code | CP2 |
| CP2 |
-
Chris Binkley -
AMG Commercial Realty
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Roe 107 | 4401 W 107th St
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