About this property

The Raytown Apartments are a two building, 12-unit offering located on the corner of a cul-de-sac in Raytown, Missouri. Built in 1985, the properties dwells in a neighborhood of rental properties and provides tenants 16 off-street parking spaces at the front of the buildings. The property stands 2.5-stories with vinyl siding/windows and pitched composition shingle roofs on a large lot. The buildings are separately metered for gas, electric and water (tenants responsible for all utilities) and units have front & rear access. 10 of the 12 HVAC/furnace systems have been replaced at the building within the last two years. All units at the property are two-bedroom, one-bathroom units with an approximate unit size of 800 square-feet (+/-). The units were acquired from non-profit organization (previously tax exempt) and made vacant for rehab. Current ownership underwent and completed a 12-month shutdown renovation to both buildings culminating in a turnkey, uniform product. Construction was completed in March of 2025. All units feature central air/heat, washer/dryer in units, excellent closet/storage space, fully equipped kitchens, individual hot water heaters and individual mechanical rooms. Renovations to the units are highlighted by new paint microwaves and disposals, new appliances (select units), new LVP flooring, new carpet in bedrooms, new ceilings fans (bedrooms), new backlit mirrors, new LED lights (kitchen & living room), new vanity lights and new GFCI outlets (kitchens & baths). Cap Ex resulting from a small fire at 9201 included a new roof, new siding on northwest corner and west side, new insulation, new soffits and new front doors (4 units). The property has 3rd party management in place and is currently 80% occupied (2 vacant units just finished remodel - applications pending). The Raytown Apartments have excellent commuter accessibility to highways/interstates and nearby shops/restaurants.

Features and Additional Information