Ben Edsall

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

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

Raytown Commercial Real Estate

Raytown is a very business friendly environment, Turn-Key Properties LLC as been located in the Raytown area since 1996. Raytown has a thriving network of local business professionals and an atmosphere of "keep it local".

Many Raytown residents try to shop and do business within the city limits of Raytown and try to support Raytown's schools, businesses and neighbors. Raytown offers many commercial real estate options, from strip centers, office buildings to dock high warehouse and auto-related space; and room to build. With the new Wal-Mart Super-center opening in the fall of 2009 and the related nearby improvements to the 350 corridor and the TIF bringing more restaurants and retail to the heart of Raytown, things are looking up for this KC suburb.

Since Raytown has not jumped on the Politically Correct bandwagon of banning smoking (yet), the night clubs and restaurants are booming with happy smokers! While many restaurants and bars in other KC Metro areas are struggling, Raytown's lack of a smoking ban has brought many new customers to Raytown entertainment centers and eateries.

My experience as a commercial broker has shown that Raytown has very competitive lease rates and property values with the added benefit of NO PAYROLL TAX!

With an abundance of available office and retail space, Raytown offers great opportunity for new or relocating businesses to find affordable space.

The Raytown city government tends to be quite pro-business and if needed the police response times are a drastic improvement to Kansas City, MO and many other local communities. The crime rates remain lower than much of the Kansas City Metro and highway access is excellent.

With major thoroughfares like I-435, I-70, 40 highway and 350 Highway Raytown is an ideal location for any business that needs quick access to the rest of the KC Metro Area. While the older part of Raytown has been the subject of much debate, the city remains committed to revitalizing it's core and retail center.

Located a short drive from the stadiums, entertainment is readily available and plentiful.

Office and Warehouse space is readily available and lease rates run from $6.00 - $10.00 per square foot per year. Making Raytown often more affordable than neighboring Independence or much of Kansas City.

As a commercial real estate broker working with professionals looking to relocate, Kansas Cities burdensome and punitive payroll tax, coupled with it's crime rate have driven many would be Kansas City businesses out of the core and into areas like Raytown. Just the 1% tax is only part of the problem, it ads another layer of bookkeeping responsibilities as well as detracts from the companies and the employees bottom line.

Thinking of starting a business or need more space for your business consider the value that is Raytown Commercial Real Estate.

Some of the property currently available is a 4000 Square foot office space on Raytown Rd. listed at only $7.20 per SF per year.

Also available is space from as little as 888 square feet to 3,695 square feet for as little as $7.63 per SF, per year.

Not looking to lease? More interested in purchasing office, retail or warehouse space, Raytown offers a lot of great variety of commercial real estate for sale.

Office buildings strip centers, warehouse space, even a former Wal-Mart are currently for sale; ranging from the low $200,000 price to in excess of 2,000,000.

Be sure to consult with Turn-Key Properties LLC for all your Raytown commercial property needs. 816-313-8876

"We Wish You A Merry Christmas" as performed by the Raytown Girls Scouts, Troop #305 for the residents of The Bickford House.

From them to you and from us at Turn-Key Properties LLC, We wish you a Merry Christmas!

This is a very short video, please enjoy!

While we have been working with several banks who are holding real estate with renters in it, now it appears that Fannie Mae may also be getting into the rental business.

I got a notice from NARPM, The National Association of Residential Property Managers today, that Fannie Mae will let renters remain in some foreclosed homes.

While this may be new to Fannie Mae, it is certainly not new to banks and other lenders. As Property Managers, we have been finding ourselves working with more and more banks and lenders. Often the banks are taking over investment property and finding that they would do better to have the revenue from the rent than to try to sell the property in this market.

Several well known publications have recently reported on the fact that Fannie Mae is keeping renters in place.

Washington Post
Fannie to Let Renters Remain in Foreclosures

Chicago Tribune
Mortgage giant Fannie Mae unveils plan-in-works to help renters stay in foreclosed properties

New York Times
Fannie Mae Lets Renters Stay Despite Foreclosures

USA Today
Fannie to help renters stay in foreclosed homes

But what does that mean to our industry? Well, my guess is that like many local banks, and lenders, Fannie Mae will require the services of Property Management Companies like Turn-Key Properties LLC to handle the collections, maintenance, evictions and other services for these homes and multi-family units.

NARPM® Governmental Affairs Committee is working to position NARPM® as the primary resource for support and advice as Fannie moves forward with this recently announced plan. This is exciting news for us, as we keep expanding the lenders and banks we are working with, we may now be seeing to the needs of larger lenders like Fannie Mae and Freddie Mac.

Even more interesting is the fact that we are hearing from many lenders who are looking to lease property because it may not be in their best interest to sell it in the current market. Short sales, and foreclosures sales tend to bring lower dollar values and lenders are considering waiting the market slump out while collecting some rent from the assets.

Often lenders look to certified, accredited organizations for professional assistance, organizations like NARPM and IREM offer training and certifications in property management. Recipients of these designations stand out from the rest of the industry, many of whom have simply gotten into property management as a sideline to a faltering real estate career or a desperate measure to bring in revenue while sales are off.

Seeking an education and a designation from one of these prestigious organizations demonstrates that property management is not just a sideline to a real estate company; but that property management is seen as an important part of the firms strategy and business.

While most anyone with a real estate lisence can manage property, not all real estate agents are property managers. Property management is a specialized field with many twist, turns, liabilities and an entirely different set of rules and laws.

Earning a designation like IREM's Certified Property Manager, Accredited Residential Manager, Accredited Management Organization or NARPM's Master Property Manager or Certified Residential Management Company will show dedication to the field and demonstrate professionalism.

Hiring a professional property manager will help maximize asset value and help to assure that the tenants remain content in the property. Keeping the tenant and reducing turnover is the key to a steady income stream and decreased overhead.

Kansas City Property Management