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