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Westvale Duplex Portfolio 2509 NW Chipman Rd 40 Unit Apartment Building $4,500,000 ($112,500/Unit) 6.50% Cap Rate Lee's Summit, MO 64081
Investment Highlights
- Top 10 School District in MO
- All Windows and Roofs Replaced
- 100% In Place Occupancy
- Unit Renovation Value-Add
Executive Summary
Zeal Property Advisors, LLC is pleased to present the exclusive offering of Westvale Duplexes (“The Property”), a 40-unit duplex community located in Lees Summit, Missouri. The Property is an ideal value-add opportunity located within one of the top submarkets in Missouri. Prospective investors have the opportunity to acquire an asset supportive of unit renovations at a premium finish level with windows and roofs having already been replaced within the last 10-years.The Property is offered as a fee simple sale and presents prospective investors with the ability to acquire an asset located within one of the largest and fastest growing cities in the state over the last decade. Prospective investors may also consider the individual sale of duplexes as a viable exit strategy. The Property is offered free and clear of existing debt. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
| Price | $4,500,000 | Apartment Style | Townhome |
| Price Per Unit | $112,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.43 AC |
| Cap Rate | 6.50% | Building Size | 28,040 SF |
| No. Units | 40 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1962/2020 |
| Zoning | RP-2 | ||
| Price | $4,500,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 5.43 AC |
| Building Size | 28,040 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2020 |
| Zoning | RP-2 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $1,025 | 640 |
| 2+2 | 2 | $1,200 | 800 |
| 3+1 | 10 | $1,215 | 852 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 62-220-02-03-00-0-00-000 | Improvements Assessment | $17,034 |
| Land Assessment | $13,862 | Total Assessment | $30,896 |
Property Taxes
Parcel Number
62-220-02-03-00-0-00-000
Land Assessment
$13,862
Improvements Assessment
$17,034
Total Assessment
$30,896
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Westvale Duplex Portfolio | 2509 NW Chipman Rd
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