$312,500
$312,500
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0.29 Acres Lot
SOLD DATE : 11/05/2024
Key Details
Sold Price $312,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2509599
Sold Date 11/05/24
Originating Board hmls
Year Built 1986
Annual Tax Amount $3,473
Lot Size 0.294 Acres
Acres 0.29435262
Property Sub-Type Duplex
Property Description
Offering a well maintained and sizable duplex near downtown Lee's Summit, Missouri. This investment opportunity consists of two-story units, each with 2 bedrooms and 1 bath, large floor plans, an attached garage, a partially finished basement, a large storage area, a vaulted living room, washer and dryer hookups, and a walk-out the main floor to a newly built deck. These units have been maintained by a property management company in excellent condition and are turnkey for a new owner. Package MLS #2509797
A gross annual income of $29,040 with one unit intentionally left vacant as of September 1 to accommodate showings. There is limited to no vacancy on these units as the area has a very strong rental demand, with qualified tenants ready to rent to vacant unit. The occupied unit is rented at $1,210 per month on a year lease agreement. The duplex is located within a mile from Hwy 50, Chipman Road, and Hwy 291 offering convenient access to shopping, restaurants, schools and major highways.
The duplex is on a large lot with more than adequate parking and yard space in the back. 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. Don't overlook this strong investment opportunity as it will not last long!
Location
State MO
County Jackson
Zoning Multi
Interior
Heating Electric, Natural Gas
Cooling Electric
Fireplace N
Appliance Dishwasher, Refrigerator, Built-In Electric Oven
Laundry In Basement, Utility Room
Exterior
Parking Features true
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Brick Trim,Vinyl Siding
Schools
Elementary Schools Westview
Middle Schools Pleasant Lea
High Schools Lee'S Summit
School District Lee'S Summit
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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