Lutz Sales + Investments is pleased to present this exclusive Lee’s Summit multifamily package, on the market for the first time in over 25 years. Priced at $4.85M, this rare opportunity consists of 15 contiguous duplexes (30 units total) in one of Kansas City’s strongest suburban markets. Great location +… Read More coveted contiguous duplexes = winning investment! This offering has tremendous upside potential. Investors can pursue multiple exit strategies including holding long term to capture steady cash flow and natural appreciation, renovating slowly over time to push rents to their highest levels, or repositioning and exiting as either a full package or by selling off individual duplexes to owner-occupants or single-investor buyers. The potential here is truly unlimited with many strategic options. All 15 duplexes are contiguous, identical, and feature spacious three-bedroom, 1.5-bathroom floor plans, maximizing economies of scale on insurance and operating expenses. Ownership also allows investors to capitalize on 100% bonus depreciation in 2026 and the sig tax advantages that come with real estate investing. This package qualifies for 1031 exchanges and is eligible for both local and agency debt, offering flexibility in financing. No HOA! Approximately 10 of the 30 units have been refreshed with new paint, flooring and upgraded finishes. Mechanicals are mixed and have been replaced as needed. Solid property management in place and would like to stay on if new ownership desires. Unrenovated “classic” finish units are renting between $1395 and $1425. Refreshed units have reached $1595 per month but the upper end of lease rates have not been tested. Lee’s Summit itself is one of the most desirable submarkets in the KC metro. Known for its high household incomes, top-rated schools, and family-friendly reputation, the city consistently draws strong tenant demand. The property sits just mins from Downtown Lee’s Summit with tons of new development all around! Read Less
Listing Snapshot
Days Online
0
Property Type
Package Of Properties
Lot Size
4.72 Acres
Year Built
1965
MLS Number
2606130
Additional Details
Building
Construction Materials: "Brick/Mortar", "Brick Veneer", Year Built: 1965
Cooling
Details: "Electric"
Heating
Heating: "Natural Gas"
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: "In Garage"
Lot
Size: 205668
Property
Zoning: MF
Roof
Description: "Composition"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Ind Heat And Air", "Separate Meters"
Listing courtesy of Lutz Sales + Investments 913-426-5576
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright , Heartland Multiple Listing Service, Inc. Heartland MLS and Legendary Apartment Brokers do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Listings last updated on ,
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