Rarely does a fourplex come along with this combination of location, size, condition, and tenant appeal. Fully occupied, built in the 1980s, and Class A located in beautiful Lee’s Summit, this property offers a unique opportunity to own quality small multifamily in one of the Kansas City metro’s most desirable… Read More suburban markets. The building features two oversized 3-bedroom, 1.5-bath units of approximately 1,400 square feet and two spacious 2-bedroom, 1.5-bath units of approximately 1,250 square feet. Each unit has its own private exterior entrance, garage with opener, washer/dryer hookups, central heating and cooling, stainless steel appliances, and private rear patio. Interiors have been updated with LVP flooring, tile, modern colors, vanities, and countertops, while the primary bedrooms feature vaulted ceilings and walk-in closets. The residential setting, private entrances, individual garages, and private rear patios give tenants a sense of ownership that is hard to replicate in a typical apartment property. Tenants pay their own water/sewer, electric, gas, and trash, there is no HOA, and regular owner expenses are minimal. Current rents are estimated to be approximately $100–$300 below market depending on leasing strategy, providing additional upside for the next owner. Located in the highly regarded Lee’s Summit School District and just minutes from shopping, restaurants, parks, lakes, Highway 50, and Highway 291, this is a rare chance to acquire a stabilized fourplex in an outstanding suburban location. Read Less
Listing Snapshot
Days Online
0
Property Type
Quadruplex
Lot Size
0.38 Acres
Year Built
1985
MLS Number
2634746
Additional Details
Appliances & Equipment
Description: Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Building
Construction Materials: Board & Batten Siding, Year Built: 1985
Cooling
Details: Electric
Exterior Features
Features: Private Entrance
Heating
Heating: Forced Air
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: Inside, Utility Room
Lot
Size: 16336
Parking
Parking Total: 4
Property
Zoning: MF
Roof
Description: Composition
Sewer
Sewer: Public Sewer
Utilities
Water Source: Public, Utilities: Separate Meters
Listing courtesy of Legendary Apartment Brokers 816-591-0825
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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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