11601 E US Highway 24 Independence, MO 64054
Bundschu NeighborhoodEstimated payment $6,509/month
Highlights
- 33,497 Sq Ft lot
- Window Unit Cooling System
- 1-Story Property
- No HOA
- Board and Batten Siding
About This Home
Strong income-producing rental property with low property taxes and long-term tenants. CAP Rate is at 11.5% at current listing price. Owner is willing to stay on for two months after the sale to help with the transition. Approximately one-third of tenants are voucher holders, eligible for rental increases, providing immediate value-add potential. Stable cash flow with upside opportunity. Property is back on the market due to previous buyers financing terms not coming back as he had hoped. Inspections never took place. Updated rent roll as of 2/5/26 uploaded. Current rent just under $22k/monthly. Listing agent is part owner. Both sellers are active real estate agents.
Listing Agent
Platinum Realty LLC Brokerage Phone: 417-689-1559 License #2019029163 Listed on: 01/20/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,987
Year Built
- Built in 1940
Home Design
- Composition Roof
- Board and Batten Siding
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
Additional Features
- 1-Story Property
- 0.77 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 26-320-05-04-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 19 Units
Building Details
- Gross Income $20,700
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,945 | $55,782 | $17,681 | $38,101 |
| 2024 | $3,855 | $56,943 | $27,797 | $29,146 |
| 2023 | $3,855 | $56,943 | $27,797 | $29,146 |
| 2022 | $3,116 | $42,180 | $20,596 | $21,584 |
| 2021 | $3,114 | $42,180 | $20,596 | $21,584 |
| 2020 | $2,816 | $37,050 | $20,596 | $16,454 |
| 2019 | $2,770 | $37,050 | $20,596 | $16,454 |
| 2018 | $2,756 | $35,188 | $16,473 | $18,715 |
| 2016 | $2,426 | $30,674 | $12,671 | $18,003 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2026 02/25/26 | For Sale | $1,199,000 | 0.0% | -- | |
| 02/18/2026 02/18/26 | Pending | -- | -- | -- | |
| 02/05/2026 02/05/26 | For Sale | $1,199,000 | 0.0% | -- | |
| 01/25/2026 01/25/26 | Pending | -- | -- | -- | |
| 01/20/2026 01/20/26 | For Sale | $1,199,000 | +49.9% | -- | |
| 06/28/2024 06/28/24 | Sold | -- | -- | -- | View Prior Sale |
| 05/21/2024 05/21/24 | Pending | -- | -- | -- | |
| 04/25/2024 04/25/24 | For Sale | $800,000 | -- | -- |
Source: Heartland MLS
MLS Number: 2597237
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.
Based on information submitted to the MLS Grid. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
Based on information submitted to the MLS GRID.
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Ask me questions while you tour the home.