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Listed by Jay Ruf Jr. • Peak Real Estate Partners, LLC
$ 10,000,000
Est. payment /mo
New
4880 Queen Ridge AVE Independence, MO 64136
8.64 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
Subdivision Blue Valley Acres
MLS Listing ID 2637853
Year Built 2008
Annual Tax Amount $104,419
Lot Size 8.640 Acres
Acres 8.64
Property Sub-Type Package of Properties
Source hmls
Property Description
Orchard Townhomes is a unique opportunity to acquire 50 townhome units spread across 25 duplex-style buildings on East 50th Terrace, Queen Ridge Avenue, and Breckenridge Avenue in Kansas City, MO (64136).? The property offers a mix of 2 bed/1.5 bath, 2 bed/1 bath, and 3 bed/2 bath floorplans (majority 3 bed/2 bath) averaging 1,285 SF; large for the submarket.? Each unit includes washer/dryer hookups, central heating and cooling, and a two-car garage.? Utilities are individually metered and paid directly by tenants, lowering owner expenses.? The duplex building/individual parceled layout supports multiple exit strategies, including the potential for individual building sales down the road.? Orchard townhomes sits within the Independence submarket of the KC metro.? Residents have easy access to the Truman Sports Complex (home of the Chiefs & Royals) and the broader KC metro via I-70 and I-470.? The property has been remarkably stable, with occupancy never dropping below 96%.? Rents still have room to grow, the property's $1,545 average rent sits well below comparable renovated 3BR/2BA product in nearby Blue Springs ($1,650-$2,150/mo), with virtually no new competing supply in the immediate submarket, this is a rare combination of proven stability today and real upside tomorrow!
Location
State MO
County Jackson
Zoning R-1.5
Interior
Heating Electric
Cooling Electric
Fireplace N
Laundry Inside
Exterior
Parking Features true
Utilities Available Ind Water Heaters, Separate Meters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Frame,Metal Siding
Schools
School District Independence
Others
Acceptable Financing Conventional
Listing Terms Conventional
