Current Use by Public Records
- Residential income homes
Property Details for 223 Oak Dr
- Year built
- 1972
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of twelve townhome-style units situated in Belton, Missouri's thriving Twin Oaks neighborhood. The property comprises six duplex buildings, each offering either two or three-bedroom units with 1.5 bathrooms. Built in 1972 and extensively renovated in 2022, these units boast approximately 12,264 to 12,500 square feet of combined living space. Eleven of the twelve units have undergone recent high-end upgrades, including new ceiling fans, luxury vinyl plank (LVP) flooring, updated countertops, and modern appliances. Residents enjoy the convenience of in-unit laundry hookups located in the 600 square foot basements, providing ample storage space. Off-street parking is readily available directly in front of each unit. The property benefits from sub-metered utilities, including water and trash, minimizing operational expenses. Located near a major intermodal distribution center, the property enjoys strong rental demand fueled by a robust local employment base. This portfolio offers immediate cash flow with significant upside potential through rent increases and the renovation of the remaining unit. While duplexes may present slightly higher capital expense ratios compared to apartments due to multiple roofs and foundations, the low expense ratios associated with sub-metered utilities offset this. This is a compelling investment opportunity in a rapidly growing market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belton
- County
- Cass
- State
- Missouri
- Longitude
- -94.5293
- Latitude
- 38.8176
