Offering a turn-key multi-family investment portfolio of 10 units in Lees Summit Missouri that are maintained and updated inside and out, located in great neighborhoods within a highly rated school district. All are structured on long term year leases with one unit left vacant to accommodate showings, these units have a strong rental demand and over 95% occupancy rate. The package offers 3 BR and 2 BR units, oversized bedrooms and bathrooms, open living and kitchen area with dining, walk out to full deck and large yard, full garage, ample storage space, and upgraded features such as new appliances, newer flooring, newer paint.
The gross annual income on the 10 units is $158,400 on year long lease agreements. This includes the vacant unit rental estimate which has qualified tenants ready to occupy. Six of the units can be sold as a halfplex and would have increased demand and market value for an owner-occupant. Some of the duplexes are next door to each other, or down the road, but all are within 10 minute drive time.
The current lease details the tenant responsible for utilities and trash service, as well as lawn mowing, maintenance, and snow removal. There are no outstanding maintenance items, and all rents are paid and current. Duplexes in this condition and location continue to appreciate in value and are of high demand.
10 total units
$158,400 Gross Income
Turn-key, well maintained and updated
All units have large main floor and bedrooms
All units walk out to large deck and yard
All units have attached garage
Brick, Wood and Vinyl Siding
Four - 3 Bedroom and 2 Full Bath Units
Two - 2 Bedroom and 1.5 Bath Units
Four - 2 Bedroom and 1 Bath Units
1416 & 1418 SE 7th Pl-MLS 2509733
1420 & 1422 SE 7th Pl-MLS 2509734
1029 Unit A&B SE 7th Terr-MLS 2509755
320 & 322 Gibson Rd-MLS 2509585
209 & 211 Gibson Ct-MLS 2509599
Year Leases-Tenant Pays all utilities & lawn maintenance
$18,483 in Real Estate Taxes in 2023
$10,820 Owner Insurance Expense