13411 5Th StGrandview, MO 64030

Property Details for 13411 5Th St

Year built

1962

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

2,080 SF

Property type

Apartment buildings

APN

67-220-21-15

APU

672202115

Description

This exceptional investment opportunity presents a 9-unit apartment building in Grandview, Missouri. The property, built in 1962 and renovated in 2020, boasts 5,500 square feet of net rentable space on a spacious 18,575 square-foot lot. The building features nine one-bedroom units, each with separately metered utilities (gas, electric, and water), minimizing landlord expenses. The property includes nine dedicated parking spaces, shared laundry facilities, and basement storage. Recent capital expenditures included new furnaces and hot water heaters in 2020, along with cosmetic updates to most units. Three units have central cooling

• CAP approach

  CAP return

  Valuation

  6%

  $505,423

  6.5%

  $466,545

  7%

  $433,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $230,613

  Geo Method

  $230,613

• Alternative Use

  Use

  Valuation

  Residential

  $466,545

  Hospitality

  $427,352

  Educational

  $355,552

  Medical

  $367,780

  Retail

  $553,081

Location Insight

City

Grandview

County

Jackson

State

Missouri

Latitude

38.8815

Longitude

-94.5397

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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