Presenting a package of four duplexes in the suburban Arrowhead Hills neighborhood of Independence, Missouri. All units are two-bedroom one-bathroom with a laundry area containing side-by-side washer/dryer hook-ups. Dedicated off-street parking in front of the duplex. All of the units are currently occupied, with an average monthly income of $913 per unit. Mostly newer roofs and mechanicals.
These duplexes have very low owner expenses, and residents pay for their own gas, electric, water, and trash. Landlord just pays property taxes, insurance, lawn care, and property management fee if using professional third-party management. This is the type of solid Kansas City cash flow investors can count on for years to come. Very liquid as the properties can be sold off individually or as a package in the future. Get into the investing game and diversify your investments. This multifamily package has it all!
The Value Add Play: Minor cosmetic renovations will get rents up for even more cash flow.
Why We Love It: Dedicated parking, two bedrooms, and in-unit washer/dryer make this a great place for residents, and low expenses with all utilities submetered including water and trash make it great for owners!
Property Challenges: Some cosmetic renovations through time required to get this package to full market income.