Investment Duplexes - Kansas City, MO - 1 Year Guaranteed Rents!!!

**RedRockRealty** · 07-04-2008, 11:34 AM

Grain Valley, MO 64029
Bedrooms: 3
Bathrooms: 2
Area: Kansas City, MO Suburb
Style: Single Story
Square Footage: 2,600
Lot Size: 1/4 acre
MLS ID: N/A
Year Built: 2006

Good Rental Market. Currently 100% Occupied. One Year Builder Warranty. Grain Valley limiting number of multi-family permits issued thus ensuring continued strong rents.

Elementary School, High School, Day Care and Grocery Store (in Strip Mall) within walking distance. Home Depot and Walmart one exit away. 20 Minutes from Plaza Shopping District Downtown Kansas City. 15 Minutes from Arrowhead and Royals Stadiums. One Exit Away from Adams Dairy Plaza, a 1.2 Million Square Foot Commercial Project that will add 1600 Jobs to the Area and will include Lowe’s and Target. Conventional Financing that is unaffected by the current mortgage crisis.

Priced From $247,900
Combined Rents up to $2025 a Month
Leases in Place
- Growing area with 1.3 million sq ft retail/mixed use project being built one exit away – complete Fall 2008
- 100% Occupied
- One Year Warranty
- One Year Guaranteed Rents (single story only)
- Net Cap Rate 6.7%
- Gross Rent Multiple low 11s

John Gallagher
Broker, Realtor, M.B.A.

**minnesota-mls** · 09-09-2008, 11:12 AM

Thanks so much for your information you posted on these duplexes for sale. The cash flow potential does in fact look outstanding on these.

With our real estate team here in Minneapolis, we have a large investor database that we can tap to see if there may be interest.

Similar to these Kansas City, MO duplexes, there are so many outstanding investment homes for sale here in Minneapolis. It is just crazy! Condos, townhomes....you name it, the MLS is flooded with these properties. And rental demand is very strong indeed.

Thanks again for sharing info on this property. We will get the word out to the real estate agents on our team.

**Codythebest** · 09-09-2008, 06:34 PM

I see more and more properties with guarantee 1 or 2 years of rent. Amazing...
Net cap rate of 6.7%...interesting...
We have rental in this area with 10 to 15% NET CAP RATE...not moving at all....