**Seller will consider financing up to 29% of the sale** The fountain plaza apartments sit directly in the middle of a rapidly expanding lake community with a total area population of approximately 90,000 people. It is well known that this community is experiencing tremendous growth due to affordability of living, combined with the close proximity to a very strong Kansas City job market. While current rents are below market, several key upgrades have recently been completed and goals are being met. Management has set in motion an 18 month plan-of-action that will position the property to perform at an 8+ cap. This opportunity will be right for any investor looking to own a big multifamily property with little out of pocket. Seller will consider carrying up to 29% of the deal, making it easy and inexpensive for someone to own this property. The seller will consider sale terms equivalent to cash, conventional financing and owner financing. For more information, please contact the broker directly. Key property upgrades since 2018 include the following: new roofs on all three buildings new patio sliding doors in every unit new windows in every unit newly remodeled units to include new lvp flooring, appliances, counters and the addition of washer/dryer in-unit newly resurfaced and re-striped parking lot approximately 15 units have been remodeled since 2018
Disclaimer: The information contained in this listing has not been verified by United Real Estate Kansas City and should be verified by the buyer.Information provided by HMLS
Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.