8
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Listed by Stephanie Sparks • Platinum Realty LLC
$1,199,000
Est. payment /mo
0.77 Acres Lot
New
11601 E US Highway 24 HWY Independence, MO 64054
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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2597237
Year Built 1940
Annual Tax Amount $3,987
Lot Size 0.769 Acres
Acres 0.76898533
Property Sub-Type Other
Source hmls
Property Description
Strong income-producing rental property with low property taxes and long-term tenants. CAP Rate is at 11.5% at current listing price. Owner is willing to stay on for two months after the sale to help with the transition. Approximately one-third of tenants are voucher holders, eligible for rental increases, providing immediate value-add potential. Stable cash flow with upside opportunity.
Listing agent is part owner. Both sellers are active real estate agents.
Listing agent is part owner. Both sellers are active real estate agents.
Location
State MO
County Jackson
Zoning R-6
Interior
Heating Natural Gas
Cooling Other, Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Board & Batten Siding,Brick/Mortar
Schools
School District Independence
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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