Tuesday, April 28, 2026

Fw: Achieve Nearly a 9% Cap Rate and Explore New Off Market



Henry McClure
785.383.9994 

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From: Alex Olson <alex@legendaryapartmentbrokers.ccsend.com>
Sent: Tuesday, April 28, 2026 1:39:48 PM
To: mcre13@gmail.com <mcre13@gmail.com>
Subject: Achieve Nearly a 9% Cap Rate and Explore New Off Market
 

PROJECTED 9%~ CAP RATE

Kansas City KS 10 Plex


Asking price: $799,500 - PRICE REDUCED!


  • 100% occupied!
  • Crush the 1% investor rule! - gross rents at $8,400 per month
  • Rehabbed to modern finishes
  • Achieve nearly a 9% cap rate!



BEST OFF-MARKET LISTINGS

KU MED 12


Asking price: $1,350,000


  • 6 duplexes - all 2BR 1BA
  • 100% occupied!
  • Solid in place rents with room to grow
  • Class A- sub market next to regions largest employer


Olathe 16


Asking price: $1,900,000


  • 1980s Construction
  • Two 8 plexes, legally 4 fourplexes
  • HOA covers lawn and parking lot
  • Tremendous rent growth in Class A sub market


Olathe 41: 41 Units


Asking price: $5.5mm


  • 21 2BR 1Ba 20 1BR 1BA
  • Over half rehabbed to modern finishes
  • Significant cap ex injected - exterior, interior, laundry,
  • Excellent in place rents - move all to highest and achieve significant cash flow



BASEHOR 12 PLEX


Asking price: $1,425,000


  • 1980 Construction
  • Fantastic Location Next To High School
  • Upgraded with stainless steel appliances and LVP flooring
  • Includes additional 1 acre of land to build on


18 units next to KU Med


Asking price: $2,100,000


  • Exceptionally remodeled with quartz, stainless, LVP etc...
  • Select units on midterm rentals maximizing income
  • Fantastic sub market with strong rental demand


4 Units on Norledge Ave


Asking price: $378,000


  • Fantastic, large, updated units
  • Live in one unit, rent out the others
  • Gorgeous tree lined street
  • Gross rents over $4,000 when fully occupied


EXCLUSIVE MULTIFAMILY LISTINGS

Midtown Baltimore 4Plex


Asking price: $578,000


  • Massive main floor unit to be used for AirBnb or Midterm Rentals
  • Live in one unit, rent out the others
  • $100,000 in cap ex completed in recent years
  • Next to streetcar stop in midtown


BLUE SPRINGS TRIPLEX - PRICE REDUCED!


Asking price: $450,000


  • 2008 Construction
  • Massive units at 1300-1500+ sq ft
  • Extremely passive - PM must stay, HOA covers all exterior maintenance and repair



RAYTOWN DUPLEX


Asking price: $279,000


  • Large 3BR 2BA units
  • Class B- location
  • $1,000 per unit with tons or room to grow
  • Tenants on month to month




MIDTOWN 12 PLEX


Asking price: $1,350,000


  • 12 1BR 1BA LARGE units
  • Exposed brick, stainless steel appliances
  • Ability to raise rents and maintain solid expense ratio
  • Blocks from streetcar extension stop


INDEPENDENCE TRIPLEX


Asking price: $225,900 - PRICE REDUCED


  • Two 1BR 1BA, One 2BR 1BA
  • Extremely well maintained; under rented
  • Ability to add laundry room at low cost
  • Class B- location, fantastic street!




STAY A CUTTING EDGE real estate investor by doing the below:

KC MULTIFAMILY MEETUP GROUP


MAY 27th, 2026

Wednesday: 4-6pm~

Strang Hall

7313 W 80th St, Overland Park, KS 66204

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ACHIEVE NEARLY A 9% CAP RATE ON THIS DEAL


🚨 𝗣𝗥𝗜𝗖𝗘 𝗗𝗥𝗢𝗣 – 𝟭𝟬𝟬% 𝗢𝗖𝗖𝗨𝗣𝗜𝗘𝗗 – 𝗖𝗥𝗨𝗦𝗛𝗘𝗦 𝟭% 𝗥𝗨𝗟𝗘 🚨


📍 𝟭𝟲𝟭𝟮–𝟭𝟲𝟭𝟲 𝗪𝗮𝘀𝗵𝗶𝗻𝗴𝘁𝗼𝗻 𝗦𝘁, 𝗞𝗮𝗻𝘀𝗮𝘀 𝗖𝗶𝘁𝘆, 𝗞𝗦


🏢 𝟭𝟬 𝘂𝗻𝗶𝘁𝘀 across two buildings in a proven rental corridor


💰 𝗡𝗢𝗪 𝗝𝗨𝗦𝗧 $𝟳𝟵𝟵,𝟱𝟬𝟬


This just moved into a different category.


🔥 𝗖𝗿𝘂𝘀𝗵𝗲𝘀 𝘁𝗵𝗲 𝟭% 𝗿𝘂𝗹𝗲

🏢 𝟭𝟬𝟬% 𝗼𝗰𝗰𝘂𝗽𝗶𝗲𝗱

📈 𝗡𝗲𝗮𝗿𝗹𝘆 𝟵% 𝗰𝗮𝗽 𝗿𝗮𝘁𝗲 with rents pushed to market


All 2 bed / 1 bath units in a strong rental pocket near State Ave — a location that continues to perform.



A lot of the heavy lifting is already done here. Tighten rents and this thing runs.

Email me alex@LegendaryAB.com to take a look.


>> DEAL FILE LINK <<




Alex Olson

P: 816-591-0825

E: alex@LegendaryApartmentBrokers.com

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