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    OFF-MARKET
    Small apartment buildings

    2611 Vesper St, Blue Springs, MO 64015

    1.89 ac lot
    Property ID
    US48-1176449
    Property summary
    AI-generated overview

    This exceptional 1.89-acre property in Blue Springs, Missouri, presents a unique investment opportunity. Located at 2611 NW Vesper Street, zip code 64015, this land offers a prime location near the Freshman Center and Burris Park. The property is zoned for multifamily use and previously housed a structure that has since been destroyed by fire, leaving only the foundation. The existing foundation could potentially reduce site preparation costs for a new development. The 1.89-acre lot size provides ample space for a substantial multifamily project, taking advantage of the strong demand in this area. The property's agricultural subtype adds versatility, opening up possibilities beyond traditional multifamily development. This is an excellent chance to acquire a large parcel of land in a desirable location, ready for redevelopment into a profitable multifamily complex. The address is conveniently situated in Jackson County, Missouri, offering easy access to local amenities and transportation networks. The property's proximity to both the Freshman Center and Burris Park enhances its appeal and potential for attracting residents. This is a rare opportunity to capitalize on the growing demand for housing in this thriving community. The asking price of $130,000 makes this an attractive investment proposition.

    Property profile
    Verified
    Property type Small apartment buildings
    Lot 1.89 ac (82,328 SF)
    UPID US48-1176449
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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