1316 Admiral Blvd

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1316 Admiral Blvd

Kansas City, MO 64106
Asking Price
$647K
Cap Rate
6.56%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

9 Units | $72,000 / unit <ul><li>​Brick 9-unit apartment building </li><li>​Unit mix: studio / 1 bath (2 floorplans)</li><li>​7 / 9 units are occupied. One unit is intentionally vacant for showings.</li><li>​Long-term tenants</li><li>​Value-add opportunity via increasing to market rate rents, consolidating utility expenses, and/or adding affordable housing tenants</li><li>​Positioned just minutes from some of Kansas City's most dynamic destinations, this property is located within 1 mile of the Kansas City University Me

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NOI
$80,000
Cap Rate
12.36%
DSCR
2.08
Strong
Cash-on-Cash
21.43%
Monthly Payment
$3,201.003
Annual Cash Flow
$41,587.964

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