517-538 SW Market Street

517-538 SW Market Street, Lee's Summit, MO

$990,000

Summary

Property Type:
Multifamily
Number of Units:
6
Total Lot Size:
.7 Acres
Year Built:
2003

Overview

Market Place in Lee’s Summit is a unique investment opportunity with 6 office suites and 6 second floor apartments. According to April rent collection data from NAREIT (National Association of Real Estate Investment Trusts) 93.5% of multifamily rents were collected and 89.3% of office rents were collected. Market Place provides investors with diverse income streams through two asset classes that have weathered the Covid-19 pandemic. 

Highlights

  • Over $100,000 invested into CapX since 2016
  • Convenient access to HWY 50 & I-470
  • 2020 Prorated Cap Rate 7.07%
  • Strong Historical Financials
  • Fully Occupied
  • Award Winning School District
  • Located Two Blocks From Downtown Lee's Summit

Documents

Richard Redding

Investment Commercial Sales
434-465-0265rredding@amg-cr.com

Colton Howell

Investment Commercial Sales
913-229-4070chowell@amg-cr.com

Catie Sullivan

Brokerage Operations Specialist
816-666-8662csullivan@amg-cr.com

OFFICE ADDRESS

Asset Management Group
5600 W 95th Street, Suite 307
Overland Park, KS 66207

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