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Roe 107 4401 W 107th St

70 Unit Block of Flats £7,890,000 (£112,714/Unit) 5.76% Net Initial Yield Overland Park, KS 66207

Investment Highlights

  • Occupancy is at 96.31% (2023 Avg. - 96.10% since 1/1/2020).
  • The loan is assumable, Freddie, 3.96% Fixed Rate, with a maturity date on 10/1/2029, Balance: $6,548,062.
  • Rent has increased 15% in the last 30 months. RUBS increased by 33% in same period.
  • NOI increased for 2 consecutive years, on track for 2024. T12 NOI is $96K over 2022.

Executive Summary

Occupancy is at 96.31% (2023 Avg. - 96.10% since 1/1/2020). Rent has increased 15% in the last 30 months. RUBS increased by 33% in same period. NOI increased for 2 consecutive years, on track for 2024. T12 NOI is $96K over 2022. The loan is assumable, Freddie, 3.96% Fixed Rate, with a maturity date on 10/1/2029, Balance: $6,548,062.

Attachments

SALE - Roe 107

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £455,992 £10.18

Financial Summary (Actual - 2023)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £455,992
Annual Per SF £10.18

Property Facts Under Contract

Price £7,890,000
Price Per Unit £112,714
Sale Type Investment
Net Initial Yield 5.76%
No. Units 70
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class A
Lot Size 2.35 AC
Building Size 44,777 SF
Average Occupancy 96%
Number of Floors 3
Year Built/Renovated 1989/2018
Parking Ratio 2.03/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Carpet

Site Amenities

  • Lift

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
NP20500005-0000
Land Assessment
£55,839
Improvements Assessment
£694,812
Total Assessment
£750,651

zoning

Zoning Code CP2
CP2
  • Listing ID: 32614387

  • Date on Market: 29/07/2024

  • Last Updated:

  • Address: 4401 W 107th St, Overland Park, KS 66207

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