5100 Parallel Parkway, Kansas City, KS, 66104 - Available for Sale

Multifamily For Sale

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Misty Glen

5100 Parallel Parkway, Kansas City, KS 66104

$1,850,000

68 Units | Multifamily

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Excellent Assumable Financing Available

Multifamily Property For Sale

Price:
$1,850,000
No. Units:
68
Building Size:
61,836 SF
Price/Unit:
$27,205.88
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2%
Cap Rate:
8.83%
Gross Rent Multiplier:
5.33
Occupancy:
91%
Lot Size:
3 AC
Listing ID
17921774
Last Updated
10 days ago

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Description

Mix of 1 bedrooms, studios, two bedrooms, 1 bath and 2 bedrooms, 2 bath units. On -site laundry. Excellent Assumable Financing in place, with local bank-Principal balance +/-$1,225,000 with current monthly payment of only $6,453.81 due on the 15th of each month, based on current interest rate of 2.9935% (1 year LIBOR plus 2.75% and is set based on the LIBOR rate as of March 1st each year) and loan matures with a $500,000 balloon on April 14, 2029!

Central location in Kansas City, Kansas, within 2 miles of community college. Close to I-635 and I-70, Village West and Legends, with Nascar, Major League Soccer, Casino, Shopping, etc.

Financial Summary

  • Actual
  • $166,500

Map of 5100 Parallel Parkway, Kansas City, KS 66104 (Wyandotte County)

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Asking Price Index Trends for Kansas City, KS Multifamily For Sale

  Oct 14 vs. 3 mo.
prior
Y-O-Y
-
State
$41,579-3.5%-23.0%
-
Metro
$42,755+4.4%-1.1%

View Kansas City Market Trends for other property types for sale or lease. Learn more about the chart info.

Misty Glen
  • Multifamily
  • $1,850,000
  • 68 Units
  • 61,836 SF