Great opportunity with this unique 10 unit property! Easy potential for more than $7k / mo in rent. 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of the intersection… Read More at Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate electric meters for tenant paid utilities. Owner pays water. Plenty of off street parking and yard space for tenants to enjoy. Rents listed in financials are projected. Currently 7 of the 10 units are vacant due to owner discretion and being prepped for sale. The duplex also requires city permitting for the rebuild of the upper unit and comes with $25k credit from the city upon completion. This is an outstanding deal for any investor seeking forced appreciation by improving the property, while still enjoying steady income from the 3 cottages rented to long term tenants. Read Less
Listing Snapshot
Days Online
3
Property Type
Apartment
Lot Size
1.3 Acres
Year Built
1930
MLS Number
HMS2574929
Additional Details
Building
Construction Materials: "Other", "Wood Siding", Year Built: 1930
Cooling
Details: "Window Unit(s)"
Heating
Heating: "Natural Gas", "Other"
Home Owner's Association
Fee: 0, Dues Frequency: None
Lot
Size: 1.3
Parking
Parking Total: 16
Property
Zoning: multi
Roof
Description: "Composition", "Other"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "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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