11426 & 11428 E 27th Street S, Independence, MO 64052

$1,500,000

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List Price
$1,500,000
MLS#
2638189
Status
ACTIVE
Type
Multifamily
Lot Size
8,348
Acres
0.19
Subdivision
Other

Property Description

Rare opportunity to acquire 6 contiguous duplexes totaling 12 rental units, offered together as one investment package in Independence, MO. Four duplexes are located along S Norwood Ave with two continuing along E 27th St S, creating a concentrated footprint for convenient management and maintenance. Each unit features 2 bedrooms, 1 bath, a private 1-car garage, finished basement area and laundry hookups. Tenants provide their own washer and dryer, pay their own utilities and maintain their individual lawns. 11 units are currently occupied with 1 vacancy. Several residents are long-term tenants, reflecting the current owner's emphasis on tenant retention and stable occupancy. As a result, some in-place rents are below current projected market levels, creating potential rental upside as leases turn over or are adjusted over time. Current occupied rents total $11,405/month, with projected rents of $1,300 per unit. Convenient access to I-70, I-435 and US-40, with Historic Independence Square, Truman attractions, GEHA Field at Arrowhead Stadium and Kauffman Stadium nearby. Downtown Kansas City and its employment, dining and entertainment destinations are also easily accessible. A unique opportunity to acquire 12 units in one contiguous location with established income, long-term tenancy and future rental upside. Package sale only; properties are not offered individually. Buyer to independently verify all financial information, rents, expenses, Measurements and property details.

Additional Information

Year Built
1972
School District
Independence
Garage
Yes
Basement
Yes
Roof
Composition
Central Air
Electric
Sewer
Public Sewer
Construction
Frame
Water
Public
Cooling
Electric
Heating
Forced Air
Taxes
$15,276
Zoning
Res

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Calculator source: Real Geeks

Listing courtesy of Debra J Smith of Realty Professionals Heartland.

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