Historic Laclede Hotel

$595,000

Summary

Property Type:
Multifamily
Number of Units:
16
Total Lot Size:
 Acres
Year Built:
1893

Overview

This Historic Property is an owner operated asset located In Plattsburg, Missouri  about 40 minutes North of Downtown Kansas City. Formerly known as the Laclede Hotel, this multifamily apartment will cash flow from day one, but also provide tremendous upside. While 2 of the 16 units are currently under renovation, an investor could also build-out an additional 3 conforming units to drive the cap rate and bring the total unit count to 19.

Highlights

  • Price: $595,000
  • Value-Add Opportunity & Cash Flowing
  • As-Is Cap Rate of 8.11%
  • 40 Minutes North of Downtown Kansas City

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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