$775,000
STOP BUYING OTHER PEOPLE’S PROBLEMS. If you’re looking for a rental property, why take on an older building with aging systems, deferred maintenance and a long list of future capital expenses? This newer-construction 2008 fourplex offers the opportunity to own a high-quality, low-maintenance asset in the A+ Villas at Chapman Farms neighborhood with strong rents, exceptional rental demand and virtually no vacancy.
The property features two 3-bedroom and two 2-bedroom units, all with 2.5 baths, private garages, fireplaces and slab granite countertops. Current rents are strong yet remain below market, providing additional upside for the next owner.
And YES, there is an HOA—but this is an HOA an investor can appreciate. The $1,800 quarterly fee takes care of much of the expensive and time-consuming exterior ownership responsibility, including ROOFS, EXTERIOR MAINTENANCE, STRUCTURE INSURANCE, LAWN CARE, SNOW REMOVAL AND TRASH, plus residents enjoy a COMMUNITY POOL AND CLUBHOUSE. That means fewer surprise capital expenditures, less exterior maintenance and a remarkably easy rental property to own.
Even better, the property is uniquely titled as two separate parcels under one roof, creating flexibility to purchase either two units or all four. Professional property management is already in place and can continue for a truly turnkey transition.
Newer construction. A+ location. Strong rental demand. High rents with additional upside. Garages. Amenities. And an HOA that handles much of the heavy lifting. If you’ve been looking for a straightforward multifamily investment without inheriting someone else’s deferred maintenance, THIS IS IT.
No seller financing. Please do not ask. Information deemed reliable but not guaranteed.
920-924 SW Imperial Lane, Lee's Summit
Listing courtesy of Michelle Lutz of Lutz Sales + Investments.