Package of 16 ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex.
The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals.
This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Don’t miss this great opportunity!
The Value Add Play: Cosmetic renovations as tenants move out will allow increased income of $140/mo/unit.
Why We Love It: All the features we look for in a Kansas City multifamily, two bedrooms, dedicated parking, and in-unit washer/dryer. We also love how low the expenses are for the owner with all utilities submetered including water and trash.
Property Challenges: Some cosmetic renovations through time required to get this package to full market income
The post Arrowhead Hills Duplex Package first appeared on Lutz Sales & Investments.
The post Arrowhead Hills Duplex Package appeared first on Lutz Sales & Investments.
