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.
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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