The gross annual income on the 6 units is $100,640.00 on year-long lease agreements. This includes the vacant unit rental estimate which has qualified tenants ready to occupy. Six of the units can be sold as a halfplex and would have increased demand and market value for an owner-occupant. Some of the duplexes are next door to each other or down the road, but all are within a 10-minute drive time.

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 in high demand. Don’t overlook this investment opportunity as it will not last long, call Will Wiest to schedule a showing and for additional information on each unit.

Property Features

-Three duplexes in Lee's Summit, Missouri

-6 total units

-$100,640.00 gross income

-Turn-key, well maintained and updated

-All units have large main floors and bedrooms

-All units walk out to a large deck and yard

-All units have attached garage

-Brick, wood, and vinyl siding

-Four - 3 bed, 2 full bath units

-Two - 2 bed, 1.5 bath units

-1416 & 1418 SE 7th Place

-1420 & 1422 SE 7th Place

-1029 Unit A and B SE 7th Terr

-Year leases - tenant pays all utilities and lawn maintenance

-$11,406.00 in real estate taxes in 2023

-$6,454.00 owner insurance expense