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Glendale Townhomes 3005-3033 S Shrank Cir 15 Unit Apartment Building $5,304,496 CAD ($353,633 CAD/Unit) 5.50% Cap Rate Independence, MO 64055
INVESTMENT HIGHLIGHTS
- 3 Br/ 2.5 Bath. Spacious units, 2 car garages, most units were updated during the years, 100% occupancy, once lower rents catch up we show 5.3 Cap
EXECUTIVE SUMMARY
5.5 Cap offering, upon all rents reaching the market, it will be 6.2 cap +- (within a year) The recent Vacancy was leased in 2 weeks at $1800. The seller may consider selling one unit, one building, or all units. 3 Bed 2.5 Bath units, Property is for sale as is, where is. This property has great upside, as soon as the leases reach the market rent levels this year, the CAP Rate will be over 6. The 3-unit building and one duplex had brand-new roofs installed 3 years ago. The seller prefers cash sales and will look at all offers. 100% leased, the tenants pay all their utilities. The rents are below market, we believe $1800 is the lower end of the rental market for this size of unit in the metro area. Please contact me for financial information. Moshiri 913-207-8000 or email me: mhomi@aol.com. Please note, if you like more information, please provide detailed information about the buyer and the buyer's ability to purchase and manage. Thank you.
DATA ROOM Click Here to Access
- Offering Memorandum
- Third Party Reports
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Range
- Carpet
- Basement
- Deck
- Family Room
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 15 | $2,513 CAD | 1,800 - 1,865 |
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Moshiri Realty Company
Glendale Townhomes | 3005-3033 S Shrank Cir
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