$895,000

Estimated payment $5,443/month

Total Views 322
-- Bed
12 Baths
5,760 Sq Ft
$155 Price per Sq Ft

Highlights

  • 20,912 Sq Ft lot
  • No HOA
  • Central Air

About This Home

Discover a fantastic investment opportunity with the Rivendell Apartments, a 12-unit building located in the heart of Independence, Missouri. These impeccably maintained apartments feature central heat and air and modern appliances including a dishwasher, stove, refrigerator, and garbage disposal. The property offers secure entryways, off-street parking, and an on-site coin-operated laundry facility.

The property benefits from being in the heart of Independence with quick access to 23rd Street and the vibrant amenities of central Independence, including shopping, dining, and transit. Built with durability in mind and consistently maintained since construction this property attracts working tenants looking for what Rivendell offers – clean functional units, secured entry, on-site parking, and on-site laundry.

Rivendell Apartments presents a stable income stream with the potential for rental increases through time, making it an ideal acquisition for investors seeking a hassle-free, value-add opportunity in a growing submarket with strong tenant demand.

Listing Agent

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 08/20/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,807

Year Built

  • Built in 1974

Lot Details

  • 0.48 Acre Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 12 Bathrooms
  • 5,760 Sq Ft Home
  • 2-Story Property

Parking

  • 15 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 26-430-03-26-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Englewood Park Subdivision

Building Details

  • Gross Income $126,351

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,807

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1974
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Active
  • Operating Expense: 6807
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 6807
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Laundry Features: Central Laundry
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick/Mortar, Vinyl Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 15

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Ind Heat And Air
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Chicago Title Company

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: R
  • Building Area Total: 5760
  • Lot Size Area: 20912
  • Lot Size Sq Ft: 20912
  • Parcel Number: 26-430-03-26-00-0-00-000
  • Subdivision Name: Englewood Park
  • In Flood Plain: No

Building Info

  • Number of Units Total: 12

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 126351
  • Current Occupancy Rate: 80-90%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 6807
  • Tax Abatement YN: 0

Map

Range of Values:

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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
08/20/2025 08/20/25 For Sale $895,000 -- $155 / Sq Ft
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2568093

Heartland MLS