$450,000

Estimated payment $2,956/month

Total Views 641
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 56,628 Sq Ft lot
  • No HOA
  • Wood Siding

About This Home

Great opportunity with this unique 10 unit property! Easy potential for more than $7k / mo in rent. 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of the intersection at Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate electric meters for tenant paid utilities. Owner pays water. Plenty of off street parking and yard space for tenants to enjoy. Rents listed in financials are projected. Currently 7 of the 10 units are vacant due to owner discretion and being prepped for sale. The duplex also requires city permitting for the rebuild of the upper unit and comes with $25k credit from the city upon completion. This is an outstanding deal for any investor seeking forced appreciation by improving the property, while still enjoying steady income from the 3 cottages rented to long term tenants.

Listing Agent

Micah Thomas

Lutz Sales + Investments Brokerage Phone: 913-594-9333 License #SP00238866 Listed on: 09/10/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,697

Year Built

  • Built in 1930

Home Design

  • Composition Roof
  • Wood Siding

Parking

  • 16 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • 2-Story Property
  • 1.3 Acre Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 27-110-21-07-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Gross Income $70,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,697

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1930
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Micah Thomas
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Active
  • Operating Expense: 22290
  • Age Description: 76-100 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 6697
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 913-594-9333
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition, Other
  • Construction Materials: Other, Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Other
  • Total Parking Spaces: 16

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Separate Meters
  • Cooling: No
  • Water Source: Public
  • Telecom: Cable - Available

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Senior Community: No
  • Type Of Management: Owner Manager

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Clear Title

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: multi
  • Lot Size Area: 1.3
  • Lot Size Sq Ft: 56628
  • Parcel Number: 27-110-21-07-00-0-00-000
  • Subdivision Name: Other
  • In Flood Plain: No

Building Info

  • Number of Units Total: 10

Rental Info

  • Existing Lease Terms: Month To Month

Multi Family

  • Gross Income: 70200
  • Current Occupancy Rate: Under 80%
  • Unit Count: 2
  • Gross Multiplier: 5.60

Tax Info

  • Tax Annual Amount: 6697
  • Tax Abatement YN: 0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 For Sale $450,000 +13.9% --
12/14/2021 12/14/21 Sold -- -- --
10/29/2021 10/29/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $395,000 0.0% $117 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
10/02/2021 10/02/21 For Sale $395,000 +163.3% $117 / Sq Ft
07/30/2013 07/30/13 Sold -- -- --
07/08/2013 07/08/13 Pending -- -- --
04/07/2013 04/07/13 For Sale $150,000 -- $45 / Sq Ft
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2574929

Heartland MLS