Orchard Apartments

  • $750,000
Featured Sold
904 E T C Lea Rd & 900 E Frederick St Independence, MO 64050
  • Portfolios
  • Property Type
  • 10 Units
  • Rooms
  • 6,192
  • Sq Ft
  • 1950
  • Year Built
Featured Sold
904 E T C Lea Rd & 900 E Frederick St Independence, MO 64050
  • $750,000

Overview

  • Portfolios
  • Property Type
  • 10 Units
  • Rooms
  • 6,192
  • Sq Ft
  • 1950
  • Year Built

Description

Easy to own investment properties in Independence, Missouri. These brick back-to-back five-unit buildings feature 10 spacious two-bedroom, one-bathroom layouts with on-site parking, dedicated tenant storage areas with private laundry hookups for each unit. The central location just off Highway 24 offers quiet suburban living with easy access to the Kansas City metro. The location is only a mile from the vibrant heart of downtown Independence, with access to restaurants, parks, & coffee shops. These buildings feature newer roofs and HVAC systems, with the exterior brick in excellent condition. Sub-metered utilities, including water, keep owner expenses low. Don’t miss your opportunity to own these rentals!

Why We Love It:100% two-bedroom units, with laundry, parking, and updated units. Proven rental income with easy cosmetic renovations.

The Challenge: 1950-1960s construction buildings can have additional capital expenses, but this is mitigated with newer roofs and HVAC + durable brick exteriors in excellent condition.

The Value-add Play: Get all of the units up to market rent of $895/mo or higher and manage for operational efficiencies.

 

  • Address 904 E T C Lea Rd & 900 E Frederick Street
  • City Independence
  • State/county Missouri
  • Zip/Postal Code 64050
  • Country United States

Details

Updated on September 8, 2025 at 7:47 pm
  • Price: $750,000
  • Property Size: 6,192 Sq Ft
  • Rooms: 10 Units
  • Bathrooms: Built In 1950
  • Garages: 10 Units
  • Year Built: 1950
  • Property Type: Portfolios
  • Property Status: Sold

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