$1,500,000
Rare opportunity to acquire 6 contiguous duplexes totaling 12 rental units, offered together as one investment package in Independence, MO. Four duplexes are located along S Norwood Ave with two continuing along E 27th St S, creating a concentrated footprint for convenient management and maintenance. Each unit features 2 bedrooms, 1 bath, a private 1-car garage, finished basement area and laundry hookups. Tenants provide their own washer and dryer, pay their own utilities and maintain their individual lawns. 11 units are currently occupied with 1 vacancy. Several residents are long-term tenants, reflecting the current owner's emphasis on tenant retention and stable occupancy. As a result, some in-place rents are below current projected market levels, creating potential rental upside as leases turn over or are adjusted over time. Current occupied rents total $11,405/month, with projected rents of $1,300 per unit.
Convenient access to I-70, I-435 and US-40, with Historic Independence Square, Truman attractions, GEHA Field at Arrowhead Stadium and Kauffman Stadium nearby. Downtown Kansas City and its employment, dining and entertainment destinations are also easily accessible.
A unique opportunity to acquire 12 units in one contiguous location with established income, long-term tenancy and future rental upside. Package sale only; properties are not offered individually. Buyer to independently verify all financial information, rents, expenses, Measurements and property details.
11426 & 11428 E 27th Street S, Independence
Listing courtesy of Debra J Smith of Realty Professionals Heartland.
