717 S Prairie St
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717 S Prairie St
9 Unit Apartment Building $995,000 ($110,556/Unit) Liberty, MO 64068
Investment Highlights
- LVP flooring, vanities, counters, washer and dryer in each unit.
- All units have their own exterior entrance which gives them privacy and a sense of ownership.
- New roof, many new AC, furnace, water heaters and more.
- Separately metered water, gas, and electric for all units (other than studio).
Executive Summary
MAJOR PRICE REDUCTION - see updated financials and updated projected business plan. 9 unit apartment building all under one roof. 8 2BR and 1 Studio. 5 units are large 2 story apartments. LOTS of upgrades - LVP flooring, vanities, counters, washer and dryer in EACH unit. NEW ROOF, many new AC, furnace, water heaters and more. See cap ex schedule. Great in place rents with ability to grow (see rent study). All units have their own exterior entrance which gives them privacy and a sense of ownership - these tenants tend to stay longer. Exceptionally low owner expenses. Separately metered water, gas, and electric for all units (other than studio). See profit and loss statement for low owner expenses. Class A sub-market of Kansas City in Liberty, MO. Amazing access for tenants to go anywhere in the metro, take advantage of great school system and all that Liberty and KC has to offer.
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $110,556 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Low Rise |
| Price | $995,000 |
| Price Per Unit | $110,556 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 9,000 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.44/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | 1,000 |
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zoning
| Zoning Code | R3 (High Density Residential) |
| R3 (High Density Residential) |
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