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    6408 Elm St Raytown, MO 64133

    Sponsored
    For Sale
    $35,000

    Prime 10,030 SF lot, build your duplex!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional development opportunity presents a sizable 10,030 square foot lot ideally situated in Raytown, Missouri, at 6408 Elm Street (note: county records incorrectly list this as 9408 Elm Street). The property, zoned for multifamily residential use, offers a fantastic chance to construct a new duplex. The location is highly desirable, boasting proximity to local shopping centers and office spaces, ensuring strong rental demand. The lot's generous size provides ample space for a comfortable and well-designed duplex. Several existing duplexes are already established on Elm Street and in the surrounding neighborhood, demonstrating the suitability and success of this type of development in the area. This is a rare chance to capitalize on a prime location and build to your specifications. The property includes two addresses: 6408 and 6410 Elm St, Raytown, MO 64133. The asking price for this exceptional development opportunity is $35,000. Don't miss this chance to acquire a highly sought-after property in a thriving Raytown neighborhood. Act quickly, as opportunities like this are seldom available.

    Property Features for 6408 Elm St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $35,000 asking price.
    • Multifamily land investment opportunity.
    • 10,030 square foot lot.
    • Raytown, MO location near shopping and offices.
    • Two addresses included: 6408 and 6410 Elm St, Raytown, MO 64133.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raytown
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4730952
    Latitude
    39.007433

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    FAQs

    What type of property is this?
    Multifamily property - Prime 10,030 SF lot, build your duplex!
    Where is this multifamily property located?
    The property is located at 6408 Elm St Raytown, MO.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: $35,000 asking price.; Multifamily land investment opportunity.; 10,030 square foot lot.
    Request Owner's contact information
    6408 Elm St Raytown, MO 64133
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    Raytown, MO 64133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6408 Elm St Raytown, MO 64133
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