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33286446
33286447

501 Pine Drive, Odessa, MO 64076

ML
MO 2018036086, KS 00239672 (+1)
Lutz Sales + Investments
LR
MO MO 2021021630, KS KS 00246465
Lutz Sales + Investments
Listed by Lutz Sales + Investments
$6,738,000
0 days on market
Updated 0 days ago

Pine Creek

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 43,050
Units 30
Beds 3
Tenancy Multi
Price per SqFt $157
Class B
Year Built 2025
Buildings 8
Stories 2
Acreage 2.630
Zoning R-2
Parking Spaces 30 spaces
Parking Per SqFt 0.70
Investment Type Value Add

Multifamily | 30 Units | $224,600/unit

Marketing description

Pine Creek is an opportunity to own a street of 30 brand-new 3 Bed / 2.5 Bath townhome units in Odessa, Missouri. Comprised of 6 fourplexes and 2 triplexes, every spacious 2-story townhome unit features high-end finishes including stainless steel appliances, granite countertops, LVP flooring throughout, in-unit washer/dryer, and an attached 1-car garages with additional driveway parking. All units are all-electric and separately metered for everything including water and trash. Adjacent lots owned by the seller are available for future acquisition, creating a scalable development opportunity over time. With no HOA, this development is a rare chance to own an entire neighborhood in an appreciating Kansas City submarket.

Odessa's growing appeal draws working professionals and families who value the good schools and family friendly atmosphere. Workers typically commute to nearby Kansas City (30-40 minute drive) along the I-70 corridor. Residents value the low cost of living, close by dining and shopping in Eastern Jackson County and the strong sense of community.

This portfolio has both low operating costs and maximum future flexibility on the exit, all fourplex and triplex buildings are individually parceled. New construction means low capital expenses for years to come. Current third party property management is currently In place and eager to stay on if needed making ownership easy.

Pine Creek delivers turnkey modern living and excellent long-term appreciation potential!

Investment highlights

  • Brand-New Construction
  • 100% 3 Bed / 2.5 Bath Townhome Units
  • Stainless Steel Appliances & Granite Countertops
  • Attractive Modern Farmhouse Design
  • In-Unit Washer/Dryer and Attached 1-Car Garage
  • All-Electric, Separately Metered for Utilities Including Water and Trash

Listing Contacts

ML
MO 2018036086, KS 00239672 (+1)
Lutz Sales + Investments
LR
MO MO 2021021630, KS KS 00246465
Lutz Sales + Investments
Listed by Lutz Sales + Investments

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Additional Information

Name
Michelle Lutz
License
2018036086
Brokerage
Lutz Sales + Investments
Title
Real Estate Broker
Brokerage Address
8666 West 96th Street
Name
Lee Ripma
License
MO 2021021630
Brokerage Phone
913-308-0303
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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