8
Orchard Apartments
  • Property Type
  • Portfolios
  • 10 Units
  • Rooms
  • 6,192 Sq Ft
  • Area Size
  • 1950
  • Year Built
Featured Sold
Orchard Apartments
  • $750,000

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

Compare listings

Compare