Matt Ledom and Aaron Mesmer closed on the sale of a multifamily property in Raytown, Missouri.
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:
Matt Ledom
Sales Associate
Block Real Estate Services
LinkedIn
Aaron Mesmer
Acquisitions & Investment Sales
Block Real Estate Services
LinkedIn
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:
Matt Ledom
Sales Associate
Block Real Estate Services
Aaron Mesmer
Acquisitions & Investment Sales
Block Real Estate Services
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