Stone Eight

  • $758,000
Featured Pending
1013 & 1015 E Stone Street, Independence, Missouri, 64050
  • Duplex Package
  • Property Type
  • 8
  • Rooms
  • 2,346
  • Sq Ft
  • 1979
  • Year Built
Featured Pending
1013 & 1015 E Stone Street, Independence, Missouri, 64050
  • $758,000

Overview

  • Duplex Package
  • Property Type
  • 8
  • Rooms
  • 2,346
  • Sq Ft
  • 1979
  • Year Built

Description

Great cash flow in Independence, MO. Built-in 1963, four solid brick duplexes offer a total of eight 2-bed/1-bath units. Each unit features central heat & air and a dedicated garage.

 

Why we love it: All two-bed units with garage parking. Upside on current rental rates.

The challenge: All units are a bit below market rent, a new PM is likely in order to fill up the two vacant units and push rent on all units.

The Value Add Play: Get rents up as leases turn over.

  • Address 1013 & 1015 E Stone Street, Independence, Missouri
  • City Independence
  • State/county Missouri
  • Zip/Postal Code 64050
  • Country United States

Details

Updated on February 7, 2024 at 3:58 pm
  • Price: $758,000
  • Property Size: 2,346 Sq Ft
  • Rooms: 8
  • Bathroom: Built In 1979
  • Garages: 8 Units
  • Year Built: 1979
  • Property Type: Duplex Package
  • Property Status: Pending

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Michelle Lutz
  • Michelle Lutz