I really like the investment opportunities in Raytown, MO. I have been encouraging investor clients to look there for many years.
Whats more, I really like working with apartment sales in the area. Few Raytown Apartments come available with believable numbers, this one looks like it may have some upside potential.
Here is one of the latest investment opportunities I have seen and the proforma looks very good with a projected cap rate in the eights! There is much more information on the actual listing from Loopnet.com.
The El Dorado Apartments is located at 8911 E. 67th St. in Raytown, MO 64133. The property consist of 58 units.
18 - 1 bed / 1 bath units.
40 - 2 bed / 1 bath units.
The Location is just a few blocks from my office and the property is all brick and seems to have consistently reliable occupancy rates.
Built in 1964 it is next door to Wal-Mart and Hy-Vee, it is also very close to a public bus stop.
This is not my listing but I thought it looked very promissing. If anyone would like to see the El Dorado Apartments in Raytown, MO please feel free to call my office or visit my website.