Offering a turn-key multi-family investment portfolio of 6 units in Lees Summit Missouri that are maintained and updated inside and out, located in a great neighborhood within a highly rated school district. All are structured on long term year leases, two are next door and one just down the road. These units have a strong rental demand and over 95% occupancy rate. The package offers 3 BR and 2 BR units, oversized bedrooms and bathrooms, open living and kitchen area with dining, walk out to full deck and large yard, full garage, ample storage space, and upgraded features such as new appliances, newer flooring, newer paint.
The gross annual income on the 6 units is $100,640.00 all on year leases. All six of the units can be sold as a halfplex and would have increased demand and market value for an owner-occupant.
The current lease details the tenant responsible for utilities and trash service, as well as lawn mowing, maintenance, and snow removal. There are no outstanding maintenance items, and all rents are paid and current. Duplexes in this condition and location continue to appreciate in value and are of high demand.
6 total units
$100,640.00 Gross Income
Turn-key, well maintained and updated
All units have large main floor and bedrooms
All units walk out to large deck and yard
All units have attached garage
All units within 1/4 mi of eachother
Brick, Wood and Vinyl Siding
Four - 3 Bedroom and 2 Full Bath Units
Two - 2 Bedroom and 1.5 Bath Units
1416 & 1418 SE 7th Pl-MLS 2509733
1420 & 1422 SE 7th Pl-MLS 2509734
1029 Unit A&B SE 7th Terr-MLS 2509755
Year Leases-Tenant Pays all utilities & lawn maintenance
$11,406.00 in Real Estate Taxes in 2023
$6,454.00 Owner Insurance Expense
Sold
Price Unknown
SE 7th Pl, Lees Summit, MO 64063
--beds
7baths
--sqft
Package of Properties
Built in ----
-- sqft lot
$1,131,200 Zestimate®
$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 29, 2025 at 10:42am
Listing Provided by:
Will Wiest 816-703-9066,
Midwest Land Group
Bought with:
Will Wiest, 2014042751
Midwest Land Group
Source: Heartland MLS as distributed by MLS GRID,MLS#: 2509797

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 7
Heating
- Electric, Natural Gas
Cooling
- Electric, Heat Pump
Appliances
- Included: Dishwasher, Built-In Electric Oven, Ind Water Heaters
- Laundry: In Basement, Utility Room
Features
- Has basement: Yes
Property
Parking
- Parking features: Attached, Garage, Paved
- Has attached garage: Yes
Lot
- Size: 2.75 Acres
Details
- Parcel number: 999999
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Package of Properties
Materials
- Brick Trim, Vinyl Siding, Wood Siding
- Roof: Composition
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Ind Heat And Air, Separate Meters
Community & neighborhood
Location
- Region: Lees Summit
- Subdivision: Other
HOA & financial
HOA
- Has HOA: No
- Association name: N/A
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange
Services availability
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Estimated market value
$1,131,200