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Westvale Duplex Portfolio 2509 NW Chipman Rd 40 Unit Apartment Building $6,257,610 CAD ($156,440 CAD/Unit) 6.50% Cap Rate Lee's Summit, MO 64081
Investment Highlights
- Top 10 School District in MO
- All Windows and Roofs Replaced
- 100% In Place Occupancy
- Unit Renovation Value-Add
Executive Summary
Zeal Property Advisors, LLC is pleased to present the exclusive offering of Westvale Duplexes (“The Property”), a 40-unit duplex community located in Lees Summit, Missouri. The Property is an ideal value-add opportunity located within one of the top submarkets in Missouri. Prospective investors have the opportunity to acquire an asset supportive of unit renovations at a premium finish level with windows and roofs having already been replaced within the last 10-years.The Property is offered as a fee simple sale and presents prospective investors with the ability to acquire an asset located within one of the largest and fastest growing cities in the state over the last decade. Prospective investors may also consider the individual sale of duplexes as a viable exit strategy. The Property is offered free and clear of existing debt. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $6,257,610 CAD | Apartment Style | Townhome |
| Price Per Unit | $156,440 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 5.43 AC |
| Cap Rate | 6.50% | Building Size | 28,040 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2020 |
| Zoning | RP-2 | ||
| Price | $6,257,610 CAD |
| Price Per Unit | $156,440 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 5.43 AC |
| Building Size | 28,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2020 |
| Zoning | RP-2 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $1,425 CAD | 640 |
| 2+2 | 2 | $1,669 CAD | 800 |
| 3+1 | 10 | $1,690 CAD | 852 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 62-220-02-03-00-0-00-000 | Improvements Assessment | $23,687 CAD |
| Land Assessment | $19,276 CAD | Total Assessment | $42,963 CAD |
Property Taxes
Parcel Number
62-220-02-03-00-0-00-000
Land Assessment
$19,276 CAD
Improvements Assessment
$23,687 CAD
Total Assessment
$42,963 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Westvale Duplex Portfolio | 2509 NW Chipman Rd
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