13411 5th St, Grandview, MO 64030

Opportunity to acquire a fully occupied, 9-unit building in the south KC suburb of Grandview priced under $79k per unit. This is a terrific property to add to your investment portfolio. Sitting on a spacious 18,575 sq/ft lot, this building offers 9 dedicated parking spaces, and separately metered utilities - including gas, electric, and water. Common laundry is located in the expansive lover level which has space for tenant storage. Recent capital expenditures include new furnaces and hot water heaters in 2020, along with cosmetic updates in most units. Many of the leases are currently below market rent, providing buyer with a great opportunity to increase rental rates and maximize returns with minimal capital expenditure. This would be a great property for HUD tenants with 2024 fair market rent of $1,098 for 1 bedroom units. See supplements for details.