Attention multi fam buyer looking to pick up some more units! Ive got this 116 unit that wont last long be sure to submit your highest and best offers to get the offer accepted! walk throughs are allowed for serious buyers. Property needs a new management company and would preform tremendously better. This property consists of 2 buildings with 3 stories each and a combined 116 units.

71 2 bed 1 bath

45 1 bed 1 bath

VALUE ADD DEAL

***** New Jersey Ave, Kansas City, KS 66102

116 Units

Asking Price: $8.4MM or best offer

Proforma Cap Rate: 7%

Proforma NOI: $556k+

Current NOI: $276k 

Occupancy: 100%

Total Rental Income: $892,496.25

The seller is willing to entertain creative offers! Submit your best.

He is fine with the current terms "There's 3.1M left on the loan it matures in 2028. seller would be open to 5M down (our fee is included) Or best offer. with a carry back of 3.1M 5% amortized over 30 years with a balloon being in put in place for 2028 due to the maturity of the loan"

The current management company is a mess. 

Just the utility buy back would go from $140k as a loss to income. So easily add on 280k on top of current NOI. 

Lots of potential to update units & raise rents, this could be a very well performing property within just a few months. 

Message me for the link to Financials/Info!

Very poor management right now for that 116 units that’s why it’s performing like that but if the buyer can just do the utility buy back it’ll get him double NOI which would have him at a 7.5 cap by the end of the year.

AGENTS, BROKERS, WHOLESALERS BRING YOUR BUYER IF YOU CANNOT PUT YOUR FEE ON TOP THEN WE CAN WORK OUT A SPLIT

GREAT OPPORTUNITY WONT BE AROUND LONG

SUMBIT YOUR HIGHEST AND BEST AND WE WILL GET IT ACCEPTED

🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

● Buyer pays all closing costs

● Get in touch with us now!

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.

Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".

Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.

Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.

Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 

💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥