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Multifamily

Belton Crossing

108 E Hargis St, Belton, MO 64012

Listing Price: $7,200,000

Cap Rate
6.86%
Number of Units
80
GRM
8.75
Price/Unit
$90,000
Price/Gross SF
$86.99
Gross SF
82,764

Investment Overview

Marcus & Millichap is pleased to present Belton Crossing Apartments (“The Property”), an 80-unit apartments community located in Belton, Missouri. The Property was built in 1970 and consists of (4) one-bedroom / one-bathroom units, (73) two-bedroom / one-bathroom units, and (3) two-bedroom / one and a half bathroom units with an average square footage of 605. In 2018, The Property underwent a significant exterior renovation that included replacing the siding, roofs, balconies, and windows. Current ownership has implemented an interior renovation plan to the countertops, cabinets, flooring, carpet, and bathroom vanity. Washers and Dryers were also added to each unit along with new white appliances. Belton Crossing consists of (10) buildings and features a playground and grill area with plenty of green space in the middle of the complex.

Investment Highlights

  • 70 Percent of Units Have Undergone Extensive Interior Renovation.
  • New Roofs, Siding, Balconies, and Windows.
  • 4.9 Percent Rent Growth Year to Date in Belton, Missouri
  • Washers and Dryers in All Units
  • Located in Kansas City Metro
  • Value Add Opportunity

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Multifamily

Belton Crossing

Listing Price: $7,200,000

Cap Rate
6.86%
Number of Units
80
GRM
8.75
Price/Unit
$90,000
Price/Gross SF
$86.99
Gross SF
82,764

Investment Highlights

  • 70 Percent of Units Have Undergone Extensive Interior Renovation.
  • New Roofs, Siding, Balconies, and Windows.
  • 4.9 Percent Rent Growth Year to Date in Belton, Missouri
  • Washers and Dryers in All Units
  • Located in Kansas City Metro
  • Value Add Opportunity

Investment Overview

Marcus & Millichap is pleased to present Belton Crossing Apartments (“The Property”), an 80-unit apartments community located in Belton, Missouri. The Property was built in 1970 and consists of (4) one-bedroom / one-bathroom units, (73) two-bedroom / one-bathroom units, and (3) two-bedroom / one and a half bathroom units with an average square footage of 605. In 2018, The Property underwent a significant exterior renovation that included replacing the siding, roofs, balconies, and windows. Current ownership has implemented an interior renovation plan to the countertops, cabinets, flooring, carpet, and bathroom vanity. Washers and Dryers were also added to each unit along with new white appliances. Belton Crossing consists of (10) buildings and features a playground and grill area with plenty of green space in the middle of the complex.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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