8705 E 63rd Trafficway
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8705 E 63rd Trafficway
10 Unit Apartment Building $700,000 ($70,000/Unit) 8.20% Cap Rate Kansas City, MO 64133
Investment Highlights
- Perfect Location And Layout For Traditional Rent, Sober Living, Assisted Living, And Many More Programs!!
Executive Summary
RARE Like NEW CONSTRUCTION 10 Unit On In KCMO!! No CapEX For YEARS!! As Turnkey As They Come!! DESCRIPTION: -
Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been
Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly
Submitted & Approved! -Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And
Small Kitchen Set-up. In Addition, Property Has A New R-13 Fire Suppression System And All Exterior Water Lines
Replaced With 4" Lines. The Only Thing Original To The Property Is The Foundation! -Property Sits On 0.63 FLAT Acres In
BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family!! -The Location Of This
Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store,
Gym, Goodwill, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month,
Putting This Property At A Solid Cap Rate Of 10!! (Unheard Of For Essentially New Construction) INVESTMENT CHALLENGES: -Property Is Unique In It's Layout Perfect For: Sober Living Homes, Group Homes, Vouchers Who Need An Onsite Person, Etc. -Since It Was Originally A Single Family Home, Each "Unit" Is Essentially A Bedroom With Full Bath, Its Own Mini-Split With Heat Pump & Thermostat, And A Common Area On The Main Floor. -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Comercial, Or Multi-Family!! -The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store, Gym, Goodwill, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 8!!
Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been
Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly
Submitted & Approved! -Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And
Small Kitchen Set-up. In Addition, Property Has A New R-13 Fire Suppression System And All Exterior Water Lines
Replaced With 4" Lines. The Only Thing Original To The Property Is The Foundation! -Property Sits On 0.63 FLAT Acres In
BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family!! -The Location Of This
Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store,
Gym, Goodwill, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month,
Putting This Property At A Solid Cap Rate Of 10!! (Unheard Of For Essentially New Construction) INVESTMENT CHALLENGES: -Property Is Unique In It's Layout Perfect For: Sober Living Homes, Group Homes, Vouchers Who Need An Onsite Person, Etc. -Since It Was Originally A Single Family Home, Each "Unit" Is Essentially A Bedroom With Full Bath, Its Own Mini-Split With Heat Pump & Thermostat, And A Common Area On The Main Floor. -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Comercial, Or Multi-Family!! -The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: QuickTrip, Dollar General, Grocery Store, Gym, Goodwill, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 8!!
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $700,000 | Apartment Style | Single Family Home |
| Price Per Unit | $70,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 8.20% | Building Size | 3,700 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $700,000 |
| Price Per Unit | $70,000 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 3,700 SF |
| No. Stories | 2 |
| Year Built | 1950 |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
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zoning
| Zoning Code | B3-2 (B3-2 zoning allows for residential, commercial, and multi-family use!!) |
| B3-2 (B3-2 zoning allows for residential, commercial, and multi-family use!!) |
-
Steve Soby -
Keller Williams Plaza Partners
1 of 80
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8705 E 63rd Trafficway
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