Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Monday, November 25, 2013

BRES' Deal of the Week - El Dorado Apartment Homes

Matt Ledom and Aaron Mesmer closed on the sale of a multifamily property in Raytown, Missouri.
Sold to Block Real Estate Services

Details of the Deal:

Buyer:  Plug Property Group, LLC
Seller:  Tritex Real Estate Advisors II, Inc
Location:  8911 E. 67th Street, Raytown, MO 64133
Amount:  Non-disclosed
Units:  58

Property Details:  El Dorado is a two-building property that was built in 1964 and offers three floor plans with one and two bedroom units.  Amenities include controlled access, on-site laundry and a playground.  Recently the property had spent over $100K on capital improvements which included replacing carpet, vinyl, countertops, cabinets and appliances.

This property has experienced a strong increase in occupancy and is projected to reach a stabilized occupancy of 92.0% in the near future.

For More Information on Multifamily Properties Contact:

Block Real Estate Services

Matt Ledom
Sales Associate
Block Real Estate Services

Block Real Estate Services

Aaron Mesmer
Acquisitions & Investment Sales
Block Real Estate Services


1 comment:

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