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Dharam Chaudhari

dharam@reco.realestate +1(913) 906-8600

Listed by Jay Ruf Jr. • Peak Real Estate Partners, LLC

$10,000,000

Est. payment - /mo

8.64 Acres Lot

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Key Details

Property Type Single Family Home

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

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Dharam Chaudhari

+1(913) 906-8600

FOUNDER | CEO | License ID: Licensed in KS,MO,IA,NE

FOUNDER | CEO License ID: Licensed in KS,MO,IA,NE

4880 Queen Ridge AVE Independence, MO 64136

Dharam Chaudhari

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4880 Queen Ridge AVE