The Overton Apartments is a 40-unit apartment complex located in Raytown, MO. The property is strategically located right off 350 Highway, giving tenants easy access to both 435 and 470 Highways, making it a strong fit for workforce housing. The current ownership group has owned and managed the property for… Read More roughly 15 years and have passionately taken care of the property throughout their duration of ownership. 14 furnaces and 14 HVAC’s systems have been replaced since 2019, with the majority being replaced in the last 3 years. One roof was replaced in 2017, two roofs were replaced in 2021 and the final roof was replaced in 2022. The current owner has two voucher tenants, five mid-term rental tenants, while the rest are market rate tenants. The units have received renovations sporadically throughout ownership, but majority leave value add potential for the next owner. The large spacious units, combined with the exposed brick and balconies, allow for a premium to be achieved in the market, as well as winning tenants in general. There is also room to add an additional two units in each basement, but this would remove the laundry facilities from the property. Read Less
Listing Snapshot
Days Online
4
Property Type
Apartment
Lot Size
1.56 Acres
Year Built
1965
MLS Number
2622533
Additional Details
Building
Construction Materials: "Brick/Mortar", Year Built: 1965
Cooling
Details: "Electric"
Heating
Heating: "Forced Air"
Home Owner's Association
Fee: 0, Dues Frequency: None
Lot
Size: 1.56
Property
Zoning: R2.5
Roof
Description: "Synthetic"
Sewer
Sewer: "Unknown"
Utilities
Water Source: "City/Public - Verify", Utilities: "Cent Water Heater", "Separate Meters"
Listing courtesy of Peak Real Estate Partners, LLC 913-221-3590
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright , Heartland Multiple Listing Service, Inc. Heartland MLS and Legendary Apartment Brokers do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Listings last updated on ,
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