$895,000
SOLD OCT 20, 2025
Last list price
-- Bed
12 Baths
5,760 Sq Ft
0.48 Acres

Recently Sold

$155 Per Sq Ft

8 Days on Market

Highlights

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

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Michelle Lutz

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

Last Buyer's Agent

James Keller

RE/MAX Heritage License #2020011668

RE/MAX Heritage

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,807

Year Built

  • Built in 1974

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

Additional Features

  • Laundry Facilities
  • Gross Income $126,351

Property Details

Home Type

Condominium

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: Sold
  • Operating Expense: 6807
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 27600.00
  • Major Repair Description: Replace 12 electrical panels and gut rehab on one unit
  • 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 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
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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 List to Sale Price per Sq Ft
10/20/2025 10/20/25 Sold -- -- --
08/28/2025 08/28/25 Pending -- -- --
08/20/2025 08/20/25 For Sale $895,000 -- $155 / Sq Ft
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2568093

Heartland MLS