Exciting New Commercial Investment Project!

Large multi-family (5+ units)

Purchase price: $775,000.00

Cash invested: $850,000.00

Monthly cashflow: $5,416.00

We are excited to announce a big commercial investment project! Just this month, we finalized the deal! This property was found off-the-market and needed 3 months of negotiation with the owner. This 12,000 sq. ft. commercial building is located in Crossroad - one of the hottest and most popular areas of Kansas City. It has three floors and includes a usable basement.. We secured a LOI from a tenant before we closed the property for $17 NNN plus utilities for 3,750 sqft on the main level and $8 a sq. ft. in the basement. We are building two and three bedroom AirBnB's in the lofted space which should bring in $100k each, gross, conservatively. This is a 9CAP, 13% COC return. I sold the appraiser on the future value and it appraised for $1.6MM. We are securing 10 year fixed financing amortized over 25 years. The plan is to get this property stabilized in 12 months and look at market conditions to see if we can refinance. Joint venture structure, 80/20 8% preferred return and 3% asset MGT fee. To see our underwriting or to talk about future deals, shoot us a message.