Sterling Duplex

Fully Renovated Duplex in Raytown, Missouri. Built in 1970, this 100% occupied property features two updated 3 Bed/1.5 Bath units, each with garage, storage space, brand new gutters and siding. Current rents: $1,250/mo and $1,165/mo (market rents $1,620/mo). All utilities submetered and paid by tenants. Located in the Raytown School District near Raytown South High School and top employers including Saint Luke’s Health System, Cerner (Oracle Health), and Truman Medical Centers. Easy access to I-470 and I-70 for quick commuting to Kansas City. Solid investment with strong rental history.

Why we love it: Fully renovated 1970 duplex with 100% occupancy, submetered utilities, and turnkey cash flow in a stable blue-collar Raytown location near schools and employers. Good tenants in place who want to stay, we know the history of this building and it’s in great condition. No major deferred maintenance and an easy deal to close before the end of the year.

The Challenge: Will need to raise rents on current tenants and may have turnover as a result.

The Value-add Play: Raise rents to market as leases renew, increasing income per unit with minimal capital investment.