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Sterling Duplex 8404 Sterling Ave 2 Unit Apartment Building $289,000 ($144,500/Unit) Raytown, MO 64138
INVESTMENT HIGHLIGHTS
- Fully Renovated Duplex
- Submetered Utilities
- 100% Occupied
- Turnkey Cash Flow in a Stable Blue-collar Raytown Location
EXECUTIVE SUMMARY
Fully Renovated Duplex in Raytown, Missouri. Built in 1970, this 100% occupied property features two updated 3 Bed/1.5 Bath units, each with garage, storage space, brand new gutters and siding. Current rents: $1,250/mo and $1,165/mo (market rents $1,620/mo). All utilities submetered and paid by tenants. Located in the Raytown School District near Raytown South High School and top employers including Saint Luke’s Health System, Cerner (Oracle Health), and Truman Medical Centers. Easy access to I-470 and I-70 for quick commuting to Kansas City. Solid investment with strong rental history.
PROPERTY FACTS Under Contract
| Price | $289,000 | Building Class | B |
| Price Per Unit | $144,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 1,768 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $289,000 |
| Price Per Unit | $144,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 1,768 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 2 | - | - |
1 1
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Sterling Duplex | 8404 Sterling Ave
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