Seller's Agent in 2024
Will Wiest
Midwest Land Group
(913) 674-8010
10 in this area
110 Total Sales
Estimated Value: $250,000 - $338,000
An excellent investment opportunity in the heart of Lee’s Summit, Missouri! This well-maintained duplex offers 2 bed and 1 bath units with a continuously increasing rental demand. The duplex is located 1 mile west of the Hwy 50 and Chipman interchange, next to major retail and immediately adjoining new construction multifamily development within the highly rated Lees Summit School District and Cedar Creek Elementary boundary. One intentionally vacant unit to accommodate showings with qualified tenants ready to rent, and the other unit rented at $1,060 per month offering a potential annual gross income of $25,440.
The duplex is on a large corner lot with ample yard space and parking. The current lease has 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. The owner and property management company have diligently maintained the property in great condition during the last 8 years of ownership. Don’t overlook this strong investment opportunity as it will not last long!
Last Agent to Sell the Property
Midwest Land Group Brokerage Phone: 816-703-9066 License #2014042751 Listed on: 07/18/2024
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Parrish Re Properties Llc | -- | Coffelt Land Title | |
| 3 Arrows Property Llc | -- | None Available | |
| Eagleburger Investment Llc | $76,000 | Chicago Title | |
| Eagleburger Kent W | -- | Chicago Title | |
| Kopoulos Charles P | -- | First American Title Ins Co | |
| Kopoulos Charles P | -- | First American Title Ins Co | |
| Jp Morgan Chase Bank | $100,100 | -- | |
| Schultz Michael | -- | Metro One Title | |
| M & R Construction Llc | $89,500 | Metro One Title |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Parrish Re Properties Llc | $187,500 | |
| Previous Owner | Eagleburger Kent W | $48,750 | |
| Previous Owner | Kopoulos Charles P | $74,400 | |
| Previous Owner | Schultz Michael | $139,850 | |
| Previous Owner | M & R Construction Llc | $87,500 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | -- | -- | -- |
| 07/21/2024 07/21/24 | Pending | -- | -- | -- |
| 07/18/2024 07/18/24 | For Sale | $250,000 | -- | $200 / Sq Ft |
| 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 | $1,644 | $21,859 | $14,951 | $6,908 |
| 2024 | $1,632 | $22,762 | $6,042 | $16,720 |
| 2023 | $1,632 | $22,762 | $5,867 | $16,895 |
| 2022 | $1,334 | $16,530 | $6,299 | $10,231 |
| 2021 | $1,362 | $16,530 | $6,299 | $10,231 |
| 2020 | $1,211 | $14,553 | $6,299 | $8,254 |
| 2019 | $1,178 | $14,553 | $6,299 | $8,254 |
| 2018 | $1,195 | $13,700 | $1,603 | $12,097 |
| 2016 | $1,177 | $13,357 | $2,280 | $11,077 |
Seller's Agent in 2024
Will Wiest
Midwest Land Group
(913) 674-8010
10 in this area
110 Total Sales
Buyer's Agent in 2024
Bryan Parrish
Keller Williams Realty Partners Inc.
(816) 309-1767
17 in this area
101 Total Sales
Source: Heartland MLS
MLS Number: 2499999
APN: 62-220-02-20-00-0-00-000