Multi-Family - 15 units 6 Multifamily Properties Offered at $855,000 in Independence, MO

INVESTMENT HIGHLIGHTS

  • Value add play by having tenants pay all utilities
  • Sell individually or keep for cash flow
  • TONS of upgrades to unit interiors
  • 7.5% cap rate projected to over 10% cap rate
  • 15 units across 5 parcels
  • Suburban location in in-demand neighborhoods

EXECUTIVE SUMMARY

Exceptional package of 15 units + rented garage across 5 buildings all located in Independence. Gross rents over $10,000+. Buildings include 2 duplexes, 2 fourplexes, and a triplex. There are 11 1Br, 3 2BR, and 1 4BR 2 BA units. Many updates and upgrades over time including updated flooring, color scheme, appliances, paint and so much more! No HOA. If you want cash flow at a very low cost per unit, this is your package. Locations are in quiet neighborhoods near major employers with exceptional access to anything tenants need. Many include washer and dryer hook ups or space to add for tenant access. Current property management in place could stay, self manage, or bring your own. Sold as a package. Addresses included in this MLS sales are: 11300 E 29th St S, Independence, MO 64052; 810 S Hardy Ave, Independence, MO 64053; 551 S Brookside Ave, Independence, MO 64053; 601 W South Ave, Independence, MO 64050; 726 N River Blvd, Independence, MO 64050; 1005 W Nettleton Ave Independence, MO 64050.

ATTACHMENTS

Independence 15 - Quick Facts
INDEP 15 DETAILS

PROPERTY FACTS

Price $855,000
Price / SF $68.80 / SF
Cap Rate 7.50%
Sale Type Investment
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 12,428 SF
Total Land Area 1.75 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
11300 E 29th St S, Independence, MO 64052 Multifamily 2,033 SF 1960 -
810 S Hardy Ave, Independence, MO 64053 Multifamily 1,196 SF 1925 -
551 S Brookside Ave, Independence, MO 64053 Multifamily 1,100 SF 1910 -
601 W South Ave, Independence, MO 64050 Multifamily 1,543 SF 1900 -
726 N River Blvd, Independence, MO 64050 Multifamily 3,278 SF 1906 -
1005 W Nettleton Ave, Independence, MO 64050 Multifamily 3,278 SF 1970 -
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  • Listing ID: 35376902

  • Date on Market: 4/4/2025

  • Last Updated:

  • Address: Multi-Family - 15 units, Independence, MO