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Kansas City New Const. Multiple Units. 205k-250k

$ 205,000
in
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609

Property Description

About Parkville

Great city and location, close to the river, military base, KC, airport (ongoing major reno).

Offer/Info

 

The Community

  • 176 doors in the community.
  • 15 building being built
  • 14 more are planned
  • Brand new construction
  • 2-3 units are sold weekly
  • Builder is planning to increase the next phrase by 10k
  • 90-95% owner occupies.
  • High demand for housing
  • The pool is coming next years
  • HOA 150/unit/mo
  • HOA includes:
  • Club House, Property Insurance, Lawn Maintenance, Maintenance Free, Pool, Snow Removal

Benchmark

  • Right now there is 1 building (4 units) that is rented
  • Leavenworth military renters (2 years training)
  • Rent 2k+/mo (info from the seller on another 4 units that were purchased and rented)
  • Seller will contribute 2000 on ext. unit towards closing to 3000 ins. unit.

 

The Units

  • $2,000 – $3,000 seller closing contribution
  • Warranty DescriptionBuilder-1 yr
  • $5000 non-refundable deposit
  • Included: gas range, oven, dishwasher, garage door opener
  • Not included: fridge
  • Property taxes (est. at 1.6%) include a ~$315/year city development fee for 14 years.

 

Building Unit Inner/Otter Price Statues Seller Closing cost contribution Bedrooms Full Bath 1/2 Bath Sq. Ft. BSMNT Garage
1 SOLD B Inner $204,900 Will be ready in Nov. $3,000 3 2.5 1,559 no 2
1 SOLD C Inner $204,900 Will be ready in Nov. $3,000 3 2.5 1,559 no 2
2 – UC*

R.G.

B Inner $204,900 Will be ready at the end of Oct. $3,000 3 2.5 1,559 no 2
3 SOLD B Inner $249,900 Ready $3,000 3 2 2 2,023 yes 2
3 SOLD C Inner $249,900 Ready $3,000 3 2 2 2,023 yes 2
4 SOLD C Inner $249,900 Ready $3,000 3 2 2 2,023 yes 2
5 SOLD C Inner $249,900 Ready $3,000 3 2 2 2,023 yes 2
8 SOLD B Inner $249,900 Ready $3,000 3 2 2 2,023 yes 2
13 SOLD C Inner $249,900 Should be ready in Jan. 2021 $3,000 3 2.5 1,559 yes 2
12 – UC*

O.S.

A Outer $214,900 foundation stage. scheduled to close in Jan- Feb (could be March due to lumber supply) $2,000 3 2.5 1,559 no 2
12 Available B Inner $204,900 $3,000 3 2.5 1,559 no 2
12 Available C Inner $204,900 $3,000 3 2.5 1,559 no 2
12 Available D Outer $214,900 $2,000 3 2.5 1,559 no 2

* UC – Under contract

Financial Analysis for the 205k house)

Site Visit

 

Notes from the property manager:

“Our leasing agent walked the property. They are nice units.  A little distanced from anything commercial, but very easy access from the freeway. She got to walk through the model but they wouldn’t let us drive through the neighborhood because of the construction going on. The model is very nice, a bit small feeling, but nice. We see other rental units listed online for that subdivision (same specs) for $1,895/mo so I’m guessing that’s the going rate, or has been recently.

overall the impression was very good and she is excited to have these units available.

I think that $2,000 is certainly in the range for these properties.

The extra half bath is probably not a huge moneymaker, but the 450 additional square feet might be where you see the benefit. ”

Floor Plans

1559 Sq Ft Model

2023 Sq Ft

Community Plat

FAQ

Q: Can I buy more than one?
A: Yes

Q: Cash or financing?
A: Either is ok

Zip: 64152
Country: United States
Open in Google maps
Property ID: 25328
Price: $ 205,000
Property size: 1 559 ft2
Bedrooms: 3
Bathrooms: 2.5
Year Built: 2020
Garage: Cars
Garage Size: 2
Rent (mo): 2000
ROI (ann): 17.5
Cashflow (mo): 325
Property Taxes (mo): 273
Insurance (mo): 60
Repairs (mo): 50
Management Fee (mo): 90
Leasing Fee (ann): 625
HOA (mo): 150
Vacancy Rate (ann): 4
back yard
balcony
walkscore0 / Car-Dependent more details here

5 thoughts on “Kansas City New Const. Multiple Units. 205k-250k

  • Rayn
    on September 24, 2020

    Are these townhomes or SFH?

  • support@simplydoit.net
    on September 24, 2020

    Townhome vs SFH
    (or Townhome disadvatge):
    Shared wall w/ niegbor
    You dont own the land out side your house (community property)
    If roof needs to be repalced it will require all units cooporation.

  • LT
    on September 30, 2020

    Will your management company help with collecting ongoing rents?

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