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10906 E Truman Road

Independence, MO 64052

About this property

Great opportunity with this unique 10 unit property! Easy potential for more than $7k / mo in rent. 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of the intersection at Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate electric meters for tenant paid utilities. Owner pays water. Plenty of off street parking and yard space for tenants to enjoy. Rents listed in financials are projected. Currently 7 of the 10 units are vacant due to owner discretion and being prepped for sale. The duplex also requires city permitting for the rebuild of the upper unit and comes with $25k credit from the city upon completion. This is an outstanding deal for any investor seeking forced appreciation by improving the property, while still enjoying steady income from the 3 cottages rented to long term tenants.

About this property

Great opportunity with this unique 10 unit property! Easy potential for more than $7k / mo in rent. 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of the intersection at Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate electric meters for tenant paid utilities. Owner pays water. Plenty of off street parking and yard space for tenants to enjoy. Rents listed in financials are projected. Currently 7 of the 10 units are vacant due to owner discretion and being prepped for sale. The duplex also requires city permitting for the rebuild of the upper unit and comes with $25k credit from the city upon completion. This is an outstanding deal for any investor seeking forced appreciation by improving the property, while still enjoying steady income from the 3 cottages rented to long term tenants.

Features and Additional Information

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$325,000 Active
0 sqft
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Presented By Robin Levine, MSIRE

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Get in touch today! Phone: 1-970-270-8601
License #EA.040036528
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Area Information

206 Independence Area | Jackson County | Other

$ 325,000
This listing is play_arrow 20.8% higher than the average in the area
$ 269,000 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
222 days on site
This listing is play_arrow 616.1% above the average in the area
31 days on site in the area

Schools in the Area

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Listed By Micah Thomas
Brokerage: Standard Real Estate

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