6305 Ravena Road
Pleasant Valley, MO 64068

  • – beds
  • – baths
  • – sqft
  • ~3/4 acre lot
  • on site

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8 unit building with outstanding income capabilities, recently renovated asset in a spectacular location next to one of the largest employers in the Region. Nestled within a single, thoughtfully designed building, this property boasts numerous recently completed Cap-Ex projects (see 3D tour and photos!), low owner expenses (just pay Water and lawn - no common meters other than water) and value-add opportunity with under-market rents. 4 2BR 1 Bath, 4 1BR 1BA all with their own exterior access which tenants love and love to stay longer. Fully renovated in 2020 with new floors, counters, backsplashes, fridges, stoves etc... Add washer and dryer in unit to maximize income potential. Currently under rented by $100-$200 per unit (see rental comparables). All units under 1 roof keeping maintenance low. Pitch roof allows for low replacement costs. Easily hit an 8% or more cap rate just by increasing rents and adding washer and dryer to each unit. Located next door to the region’s largest employer, Ford Motor Companies, tenants can enjoy convenient access to I-35, 435, The Kansas City Airport, downtown Kansas City and beyond while still enjoying the quiet location of the suburbs.

Heartland MLS logo Listing courtesy of HMLS / XChangeCRE

Last checked: Checking… • Last updated Mar 7, 2024 •

MLS# 2468516 —

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Sale history

Date Event Source Price % Change
3/7/24
Sold HMLS $590,000
2/3/24
Pending HMLS $590,000
1/28/24
Relisted HMLS $590,000

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Multifamily Sold on 3/7/2024

$590,000

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