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Listed by Will Wiest • Midwest Land Group
$ 815,000
Est. payment /mo
Pending
Multi Address N/A Independence, MO 64055
0.57 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 2588688
Annual Tax Amount $8,904
Lot Size 0.574 Acres
Acres 0.573921
Property Sub-Type Package of Properties
Source hmls
Property Description
Offering a turn-key multi-family investment portfolio of 8 units in Independence Missouri, that are well maintained and updated with long-term leases and reliable tenants providing a gross monthly rent of $7,929, annually $95,148, with room to increase rent. This package is three structures, including two duplexes and one fourplex all within a few-mile radius. Each unit offers 2 beds and 1 bath, full kitchens, walk out patios, total of 6 garages, large treed lots, and three of the units have finished basements with additional non-conforming bedrooms. There is a storage room on the fourplex with approximately 1000 sqft not leased that serves as an excellent location for landlord storage but could also be renovated into its own unit. Fourplex has new gutters since photos. These properties have been managed the last 13 years by a local property management company who has done an excellent at renovating and raising rents to market value each time there is a move out. Tenants pay all utilities. Extremely high occupancy rate with one recent move out on 10/31 and renovation completed, now vacant and open for showings. Located in great neighborhoods near excellent elementary schools.
The current lease details the tenant responsible for utilities and trash service, and snow removal (at the two duplexes). The landlord/property manager is responsible for mowing and snow removal at the fourplex. There are no outstanding maintenance items, and all rents are paid and current. Rent Rolls and YTD income and expenses are available as well as last years full 12-month history.
The Addresses included in this package are 16704 E 28th Place 64055 (Fourplex) ; 1420/22 S Haden Ct 64050 (Duplex) and 105/107 S Arlington Ave 64053 (Duplex) all addressed in Independence, Missouri. Jackson Co Parcel IDs: 26-130-02-37-00-0-00-000 ; 14-840-04-03-00-0-00-000 ; 25-920-22-15-00-0-00-000
The current lease details the tenant responsible for utilities and trash service, and snow removal (at the two duplexes). The landlord/property manager is responsible for mowing and snow removal at the fourplex. There are no outstanding maintenance items, and all rents are paid and current. Rent Rolls and YTD income and expenses are available as well as last years full 12-month history.
The Addresses included in this package are 16704 E 28th Place 64055 (Fourplex) ; 1420/22 S Haden Ct 64050 (Duplex) and 105/107 S Arlington Ave 64053 (Duplex) all addressed in Independence, Missouri. Jackson Co Parcel IDs: 26-130-02-37-00-0-00-000 ; 14-840-04-03-00-0-00-000 ; 25-920-22-15-00-0-00-000
Location
State MO
County Jackson
Interior
Heating Heat Pump
Cooling Heat Pump
Fireplace N
Laundry Inside
Exterior
Parking Features true
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar,Vinyl Siding,Wood Siding
Schools
School District Independence
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
