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 Equitable - Fee Simple

  • Apartment
    6 acre
    bedroom 162 Bedrooms
    bathroom 110 Baths
  • Flip
    $2,500,000
    Status : Available
    Year Built : 1988
 Description
A 71 units garden style apartments, containing 6.75 acres and located in Kansas City, Great opportunity, buying at 8% cap, and proforma cap is at 10% Asking price is $2.5MM
 Rehab Work Needed
  • Light Fixtures
  • Paint Exterior
  • Paint Interior
 General Amenities
 Tags
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 Summary

Overview
Equitable - Fee Simple Flip
$2,500,000
Property ID: MO200588341
Address: Login to View
City: Kansas City
State/Province: MO
Zip Code: 63136
Country: USA


Flip Analysis

+ Purchase Price: $2,500,000
+ Purchase Closing Cost: $1,300,000,000
+ Rehab Cost: $270,217
Total Acquisition Cost: $1,302,770,217


+ Selling closing cost: $385,147,500
+ Agent Commision : $164,329,600
+ Insurance (6 Months) : $15,000
+ Utilities (6 Months): $37,000
+ Miscellaneous Expenses: $150,000
Total Holding Cost: $549,679,100


Total Flip Cost: $1,852,449,317
Projected ARV: $513,530

 Message

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