Roe 107 | 4401 W 107th St
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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.
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 | Building Class | A |
Price Per Unit | £112,714 | Lot Size | 2.35 AC |
Sale Type | Investment | Building Size | 44,777 SF |
Net Initial Yield | 5.76% | Average Occupancy | 96% |
No. Units | 70 | Number of Floors | 3 |
Property Type | Residential | Year Built/Renovated | 1989/2018 |
Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
Apartment Style | Low Rise |
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
Parcel Number | NP20500005-0000 | Improvements Assessment | £694,812 |
Land Assessment | £55,839 | Total Assessment | £750,651 |
PROPERTY TAXES
Parcel Number
NP20500005-0000
Land Assessment
£55,839
Improvements Assessment
£694,812
Total Assessment
£750,651
zoning
Zoning Code | CP2 |
CP2 |
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Roe 107 | 4401 W 107th St
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