Raytown, MO

Apartments for Sale in Raytown, Mo.

I really like the investment opportunities in Raytown, MO. I have been encouraging investor clients to look there for many years.

Whats more, I really like working with apartment sales in the area. Few Raytown Apartments come available with believable numbers, this one looks like it may have some upside potential.

Here is one of the latest investment opportunities I have seen and the proforma looks very good with a projected cap rate in the eights! There is much more information on the actual listing from Loopnet.com.

http://listing.loopnet.com/15602224

The El Dorado Apartments is located at 8911 E. 67th St. in Raytown, MO 64133. The property consist of 58 units.

18 - 1 bed / 1 bath units.

40 - 2 bed / 1 bath units.

The Location is just a few blocks from my office and the property is all brick and seems to have consistently reliable occupancy rates.

Built in 1964 it is next door to Wal-Mart and Hy-Vee, it is also very close to a public bus stop.

This is not my listing but I thought it looked very promissing. If anyone would like to see the El Dorado Apartments in Raytown, MO please feel free to call my office or visit my website.

www.turnkeyproeprties.org

Raytown Investment Real Estate

Project Raytown refers to all Vizion home renovations that take place in the city of Raytown, MO. This is a brief overview and history of Raytown, MO.

Raytown is a city in Jackson County, Missouri, United States, and is a suburb of Kansas City. The population was estimated at 28,577 in 2006.^[3] The mayor of Raytown is David Bower.

The area where Raytown now lies was developed throughout the 1800s and early 1900s as pioneers moved westward along the Three Trails in search of available fertile lands and water. It was added to the state of Missouri at a cost of $800 by a treaty signed in 1826. Jackson County, named after President Andrew Jackson, was formed in 1827. A large area of the county, Township 49, was accidentally not offered for sale when the other townships were, and so was called “The Lost Township”. People moved into the township and squatted until the township was surveyed and the land sold in 1843.

The pioneers and travelers moving westward down the Three Trails discovered an area of high, wooded ridges, in the Raytown area, that reminded them of their former homes in the Blue Ridge Mountains. The land was named Blue Ridge, with the bordering bodies of waters called the Big Blue and the Little Blue rivers.

The Rice-Tremonti Home, which still stands in Raytown today, was built on the Santa Fe Trail in 1844 by Archibald Rice and his family.

In 1860, residents of Jackson County petitioned the county for a better road to connect southern Jackson County with Independence in northern Jackson County. The result was Raytown Road, which led north from High Grove Road, crossed the Little Blue River at the “rockford” (now inundated by Longview Lake) and joined the Santa Fe Trail at William Ray’s blacksmith shop. Many portions of the original Raytown Road still are used today.

William Ray established a blacksmith shop on the Santa Fe Trail in Jackson County in about 1848.The settlement around the blacksmith shop was known first as “Ray’s Town” and later as “Raytown”.

There is now a historical marker in Raytown at the corner of 63rd Street and Raytown Road showing the location of William Ray’s shop.

Project Raytown homes are generally in the price range of $120k to $200k. These homes are updated with new solid surface granite counters, refinished hardwood floors, maple cabinets, new tile flooring in both the kitchen and bathrooms, new interior and exterior paint, and all new windows and doors.

Project Raytown homes are general 40-100 years old. Raytown is a suburb city of Kansas City and is well know for it’s small town feel and abundant wooded areas. Raytown school district is also one of the best school districts in the area and is known for its incopration of technology in the classroom.

Project Raytown Homes

9808 E 76th Tr. Raytown, MO

7416 James A Reed

Check out these sites for more information on the Raytown area.

http://raytownkc.com/history.html

Portions of this article were taken directly from Wikepedia

Read The Full Wikepedia Entry

Kansas City Homes For Sale

Amazing House Shows Like Brand New! Updates throughout include: fabulous new kitchen, new paint & two gutted and remodeled bathrooms with tile. New Roof & Windows! Updated Electrical & Plumbing. Gleaming hardwood floors & new carpet in basement! Too many new items to list! This one won't last!

Olathe real estate agent, Brad Papa specializes in Kansas City and Olathe real estate. Brad Papa is a licensed real estate agent in Kansas and Missouri and can be reached at bradleypapa@remax.net , 913-526-4985 or http://www.papasinthehouse.com

Where TO invest in Kansas City Real Estate!

There a many areas that are seeing great investment opportunity while the market is down. One of the ones I often mention to potential investors in Raytown, MO. Raytown is a suburb or Kansas City, in fact Raytown is almost completely surrounded by Kansas City.

The Raytown School District is well respected and highly sought after by renters and home owners. Working with renters in the area for decades I have seen an increase in interest in the area. While Development in Kansas City staggers, large commercial development and improvements continue to come on-line in Raytown, MO.

While Raytown has tossed about a rental property licensing theory, they have yet to implement it. Housing has become much more affordable since the "bubble burst", and home prices are great in relation to rental rates.

Doing a search for rental rates in the Raytown area I checked Rentometer for some averages. While I know the area very well I found pretty much what I expected. rates for a three bedroom range from $600 to $1200. cruising Craigslist I found many three bedrooms in Raytown advertised in the same price range.

My experience has shown the typical three bedroom, one car garage home in Raytown will rent quickly, to a well qualified tenant for $700-800 a month. Given that I am now finding homes listed for sale for as little as $29,000 the time is right for investing in Raytown, MO!

Since most of the Raytown housing market is made up of post-war era homes, many of them will require some improvement to be suitable as rental property. Upgrading things like floor coverings, interior finishes and kitchens will improve your rent-ability and even your saleability when the market returns.

With sales typically in the $70's and up prior to the crash, I can foresee Raytown real estate values returning to those figures in the near future.

Raytown has a significantly lower rate of violent crime than much of the rest of the metro area. According to some Internet sourcesI found that violent crime in Raytown is rated at 223 incidents per 100,000 people.

The same site rated the state of Missouri at a staggering 787 per 100,000 people, and Kansas City, MO at 1,444 per 100,000. That means that your tenant or you are 84.56 percent more likely to be a victim of violent crime in Kansas City than in nearby Raytown. (If I did my math right).

How does that relate to your investment property, tenants who feel safe stay longer, property values tend to improve or remain constant in lower crime areas. Raytown even has a bus service call the Raytown Circulator that connects with the KCATAbus lines. So even in Raytown you can catch a city bus to get where you need to be.

With foreclosures everywhere, and lenders being more particular, the rental market is booming! get in now while the interest rates are low and the prices are at historical lows, waiting until the market corrects will only leave you out of the game when it comes time to sell.

Let us help you find an investment property that will offer future potential and cash flow now.

Kansas City Investment Property

Turn-Key Properties LLC

816-313-8876