Address
1001-03 Arrowhead Ridge, Independence, MO
Price
$ 2,190,000
Property Attributes
- MLS#2495997
- TypeMulti-Family
- CountyJACKSON
- CityIndependence
- Area206 - Independence Area
- Zip64056
- Style
- Year Built1971
- Taxes$ 20349
- Price$ 2,190,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2.98439 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex. The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals. The average HVAC age is 2017, the average hot water heater year is 2016, and the average 30-year roof was installed in 2015. Market rent is ~$1089 with a current average rent of ~$931 across all 20 units in the package. Please see OM for rental and sales comparables. This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Sold off individually these properties would sell for 235k+ today, so buy this package with instant equity. Don’t miss out on this great rental property opportunity!
| Price History | |
|---|---|
| 6/25/2024 | Listed $2,190,000 |
General Features
| Sewer | City/Public |
|---|---|
| Heating | Forced Air |
| Cooling | Electric |
| Utilities | Separate Meters |
| Roof | Composition |
| Zoning | R-12 |
| Construction Materials | Concrete,Vinyl Siding |
| Year Built | 1971 |
| Property SubType | Package of Properties |
| Assoc Fee Paid Per | None |
| County | Jackson |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | Other |
| Garage Y/N | No |
| Status | Active |
| Directions | Head north on Walnut St toward E 16th St,go 0.1 mi Turn right onto Truman Rd,go 420 ft Take the ramp on the left to I-70 E,go 0.2 mi Merge onto I-670 E,go 0.7 mi Merge onto I-70 E,go 12.6 mi Tak |
| City | Independence |
| High School District | Fort Osage |
| NumberOfUnitsTotal | 20 |
| MLS Area | 206 - Independence Area |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 130000 |
| Listing Terms | Cash,Conventional |
| Public Remarks | Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry |
| Virtual Tour | https://www.dropbox.com/sh/r3s3tkzj1dpaup7/AACJ_G0-ZMtn1aPCeC7jH-VZa?st=ycgusr38&dl=0 |
| Standard Status | Active |
| In Flood Plain | No |
| HMS_MaintenanceProvidedYN | No |
Interior Features
| Total Stories | 1 |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Unit Type | 2 Bedroom |
Exterior Features
| Parking Features | Off Street |
|---|---|
| Water Source | Public |
| Lot Size Area | 130000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 64056
Price
Taxes
Visits
Year Built
These Properties are provided courtesy of Broker Reciprocity/IDX Lake Of The Ozarks Board of REALTORS® and Bagnell Dam Association of REALTORS® MLS, Inc. Multiple Listing Service. This information is copyrighted by The Lake Of The Ozarks Board of REALTORS® and The Bagnell Dam Association of REALTORS® MLS, Inc. Multiple Listing Service. Information is being provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (
Ozark Gateway Association of REALTORS® (OGAOR). All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Team Thelen Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.
Last Updated: July 2, 2024 9:32 AM UTC
