STOP BUYING OTHER PEOPLE’S PROBLEMS. If you’re looking for a rental property, why take on an older building with aging systems, deferred maintenance and a long list of future capital expenses? This newer-construction 2008 fourplex offers the opportunity to own a high-quality, low-maintenance asset in the A+ Villas at Chapman… Read More Farms neighborhood with strong rents, exceptional rental demand and virtually no vacancy. The property features two 3-bedroom and two 2-bedroom units, all with 2.5 baths, private garages, fireplaces and slab granite countertops. Current rents are strong yet remain below market, providing additional upside for the next owner. And YES, there is an HOA—but this is an HOA an investor can appreciate. The $1,800 quarterly fee takes care of much of the expensive and time-consuming exterior ownership responsibility, including ROOFS, EXTERIOR MAINTENANCE, STRUCTURE INSURANCE, LAWN CARE, SNOW REMOVAL AND TRASH, plus residents enjoy a COMMUNITY POOL AND CLUBHOUSE. That means fewer surprise capital expenditures, less exterior maintenance and a remarkably easy rental property to own. Even better, the property is uniquely titled as two separate parcels under one roof, creating flexibility to purchase either two units or all four. Professional property management is already in place and can continue for a truly turnkey transition. Newer construction. A+ location. Strong rental demand. High rents with additional upside. Garages. Amenities. And an HOA that handles much of the heavy lifting. If you’ve been looking for a straightforward multifamily investment without inheriting someone else’s deferred maintenance, THIS IS IT. No seller financing. Please do not ask. Information deemed reliable but not guaranteed. Read Less
Listing Snapshot
Days Online
1
Property Type
Quadruplex
Lot Size
0.08 Acres
Year Built
2008
MLS Number
2650120
Additional Details
Property Access
Road Responsibility: Public Maintenance, Road Surface: Paved
Building
Built in 2008, 2 stories, Construction Materials: Concrete, Vinyl Siding
Cooling
Electric
Exterior Features
Patio/Porch Features: Patio, Private Entrance
Heating
Central Electric
Home Owner's Association
Association Fee: $1,800, Fee Frequency: Quarterly, Amenities: Clubhouse, Pool
Laundry
Utility Room
Lot
0.08476 acres
Parking
4 total parking spaces, Garage, Off Street
Pool
In Ground
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 54-330-08-64-00-0-00-000, Legal Description: 920 SW Imperial Ln, Lees Summit, MO 64064 = THE ORCHARDS AT CHAPMAN FARMS LOT 2 REPLAT OF CHAPMAN FARMS LOT 5---PT OF LOT 2
924 SW Imperial Ln, Lees Summit, MO 64064 = THE ORCHARDS AT CHAPMAN FARMS REPLAT OF CHAPMAN FARMS LOT 5- --PT OF LOT 2, Zoning: RES
Utilities
Separate Meters, Water Source: Public
Windows
Window Coverings
Listing courtesy of Lutz Sales + Investments 913-426-5576
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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 ,
Confirm your time
Fill in your details and we will contact you to confirm a time.