Pending
SE 7th Place
Lee s Summit MO, 64063
$1,123,000
Pending
Multi-family
Offering a turn-key multi-family investment portfolio of 6 units in Lees Summit Missouri that are maintained and updated inside and out, located in a great neighborhood within a highly rated school district. All are structured on long term year leases, two are next door and one just down the road. 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 6 units is $100,640.00 all on year leases. All six of the units can be sold as a halfplex and would have increased demand and market value for an owner-occupant.
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.
6 total units
$100,640.00 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
All units within 1/4 mi of eachother
Brick, Wood and Vinyl Siding
Four - 3 Bedroom and 2 Full Bath Units
Two - 2 Bedroom and 1.5 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
Year Leases-Tenant Pays all utilities & lawn maintenance
$11,406.00 in Real Estate Taxes in 2023
$6,454.00 Owner Insurance Expense
2509797
MLSⓇ ID
September 12, 2024
Listed
November 22, 2024
Updated
Map
SE 7th Place
Lee s Summit MO, 64063
Interior Features
Total Stories
2
Appliances
Dishwasher, Built-In Electric Oven
Laundry Description
In Basement, Utility Room
Fireplace
No
Cooling
Yes
Cooling Description
Electric, Heat Pump
Heating
Yes
Heating Description
Electric, Natural Gas
Exterior/Building Features
Lot Size
2.75 Acres
Roof
Composition
Sewer
City/Public
School Information
School District
Lee's Summit
High School
Lee's Summit
Other Property Details
Area Name
204 - Lee's Summit Area
Garage
Yes
Parking
Attached, Garage, Paved
View
No
County
Jackson
Water Source
Public
Pool
No
Zoning
Multi
Listing History
Date | Event | Price |
|---|---|---|
9/24/2024 | Pending | — |
9/20/2024 | Price change | $1,123,000 -37% |
9/20/2024 | Active | — |
9/14/2024 | Pending | — |
Courtesy of Midwest Land Group, Will Wiest,
Listing Contact: 816-703-9066
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Data last updated: 11/22/2024, 7:01 AM UTC