Seller's Agent in 2025
Will Wiest
Midwest Land Group
(913) 674-8010
10 in this area
109 Total Sales
0 SE 7th Place Lee's Summit, MO 64063
Lee's Summit NeighborhoodEstimated Value: $1,123,000
--
Bed
26
Baths
--
Sq Ft
2.75
Acres
Highlights
- 120,000 Sq Ft lot
- No HOA
- Central Air
- Pleasant Lea Middle School Rated A-
- Attached Garage
- Utility Room
About This Home
As of January 2025Offering a turn-key multi-family investment portfolio of 6 units in Lees Summit Missouri that are maintained and updated inside and out, located in a great neighborhood within a highly rated school district. All are structured on long term year leases, two are next door and one just down the road. These units have a strong rental demand and over 95% occupancy rate. The package offers 3 BR and 2 BR units, oversized bedrooms and bathrooms, open living and kitchen area with dining, walk out to full deck and large yard, full garage, ample storage space, and upgraded features such as new appliances, newer flooring, newer paint.
The gross annual income on the 6 units is $100,640.00 all on year leases. All six of the units can be sold as a halfplex and would have increased demand and market value for an owner-occupant.
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. Duplexes in this condition and location continue to appreciate in value and are of high demand.
6 total units
$100,640.00 Gross Income
Turn-key, well maintained and updated
All units have large main floor and bedrooms
All units walk out to large deck and yard
All units have attached garage
All units within 1/4 mi of eachother
Brick, Wood and Vinyl Siding
Four - 3 Bedroom and 2 Full Bath Units
Two - 2 Bedroom and 1.5 Bath Units
1416 & 1418 SE 7th Pl-MLS 2509733
1420 & 1422 SE 7th Pl-MLS 2509734
1029 Unit A&B SE 7th Terr-MLS 2509755
Year Leases-Tenant Pays all utilities & lawn maintenance
$11,406.00 in Real Estate Taxes in 2023
$6,454.00 Owner Insurance Expense
Last Listed By
Midwest Land Group Brokerage Phone: 816-703-9066 License #2014042751 Listed on: 09/12/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,483
Lot Details
- 2.75 Acre Lot
Parking
- Attached Garage
Home Design
- Composition Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 26 Bathrooms
- 2-Story Property
- Utility Room
- Basement
- Laundry in Basement
Kitchen
- Built-In Electric Oven
- Dishwasher
Schools
- Lee's Summit High School
Utilities
- Central Air
- Heat Pump System
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Gross Income $158,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Sold | -- | -- | -- |
| 09/24/2024 09/24/24 | Pending | -- | -- | -- |
| 09/20/2024 09/20/24 | Price Changed | $1,123,000 | 0.0% | -- |
| 09/20/2024 09/20/24 | For Sale | $1,123,000 | -36.2% | -- |
| 09/13/2024 09/13/24 | Pending | -- | -- | -- |
| 09/12/2024 09/12/24 | For Sale | $1,760,000 | -- | -- |
Source: Heartland MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Will Wiest
Map
Source: Heartland MLS
MLS Number: 2509797
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
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