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Listed by Michelle Lutz • Lutz Sales + Investments
$ 2,190,000
Est. payment /mo
Pending
1001-03 Arrowhead RDG Independence, MO 64056
2.98 Acres Lot
UPDATED:
12/26/2024 05:54 PM
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 2495997
Originating Board hmls
Year Built 1971
Annual Tax Amount $20,349
Lot Size 2.984 Acres
Acres 2.9843893
Property Sub-Type Package of Properties
Property Description
Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex. All of these amenities keep renter demand high.
The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals. The average HVAC age is 2017, the average hot water heater year is 2016, and the average 30-year roof was installed in 2015.
Market rent is ~$1089 with a current average rent of ~$931 across all 20 units in the package. Please see OM for rental and sales comparables.
This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Sold off individually these properties would sell for 235k+ today, so buy this package with instant equity. Don't miss out on this great rental property opportunity! Considering a 1031 exchange? Reach out today!
The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals. The average HVAC age is 2017, the average hot water heater year is 2016, and the average 30-year roof was installed in 2015.
Market rent is ~$1089 with a current average rent of ~$931 across all 20 units in the package. Please see OM for rental and sales comparables.
This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Sold off individually these properties would sell for 235k+ today, so buy this package with instant equity. Don't miss out on this great rental property opportunity! Considering a 1031 exchange? Reach out today!
Location
State MO
County Jackson
Zoning R-12
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 1
Sewer City/Public
Water Public
Structure Type Concrete,Vinyl Siding
Schools
School District Fort Osage
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.dropbox.com/sh/r3s3tkzj1dpaup7/AACJ_G0-ZMtn1aPCeC7jH-VZa?st=ycgusr38&dl=0
