1401 Goode Ave Grandview, MO 64030
This exceptional 60-unit multifamily investment opportunity, located at 1401 Goode Ave, Grandview, MO 64030, presents a compelling proposition for discerning investors. Comprising thirty, two-story buildings on a 3.8-acre lot, this new construction (2024/2025 completion) portfolio boasts 88,800 square feet of net rentable space, with individual units ranging from 1,400 to 1,500 square feet. Each unit is tastefully designed, featuring high-end finishes including granite countertops and wood construction, and is equipped with a lifetime composite roof. The property is zoned for both rental and sale, offering flexibility for future income streams. Further enhancing its appeal are the included HOA, ensuring long-term property maintenance, and EV charging stations in every garage, along with additional street parking. Optional solar systems are available, exceeding all local energy requirements. The property is situated in the desirable downtown Grandview area and is expected to be fully occupied by November 1, 2024. The asking price for this turnkey investment is $16,850,000. An adjacent shovel-ready 3.8-acre lot is also available for purchase separately at $1,800,000. This presents a unique opportunity to expand the portfolio or develop additional complementary projects. The property is owned by an LLC.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.