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Listed by Michelle Lutz • Lutz Sales + Investments
$385,000
Est. payment /mo
0.29 Acres Lot
Active
515 NE Florence AVE Lee's Summit, MO 64063
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Hamel Heights
MLS Listing ID 2524728
Originating Board hmls
Year Built 1965
Annual Tax Amount $3,209
Lot Size 0.294 Acres
Acres 0.29375574
Property Sub-Type Duplex
Property Description
Prime Duplex Investment Opportunity in Lee's Summit – Owner-Occupant Option with Just 3.5% Down!
Strong tenant demand in this well-located duplex in the heart of Lee's Summit! Situated just off Chipman Road, this well-maintained two-unit property is surrounded by new shopping, dining, and top-rated schools in the Lee's Summit School District.
Each unit features a one-car garage, two spacious living areas (upstairs and downstairs), and a dedicated laundry area.
Unit 515A has been fully remodeled with stainless steel appliances, updated countertops, brand-new flooring, modernized bathrooms, and fresh paint. This unit offers 3 bedrooms and 2 full baths, with an expected rent of $1,475/month.
Unit 515B is a 3-bedroom, 1.5-bath unit with a long-term tenant (since 2015) on a month-to-month lease. It was last updated in 2015.
Both units have separately metered utilities, with tenants covering all expenses.
For investors, this is a turnkey property in an A-class submarket, while owner-occupants have a unique opportunity to purchase with as little as 3.5% down using FHA financing—live in one unit while renting out the other to offset your mortgage!
Enjoy very low maintenance costs and high rental demand on this A class rental property which will appreciate nicely over time. Curious about the tax benefits that could be available to you as the new owner? Need help sourcing a lender well suited to financing this property? Reach out! Happy to help walk any investor through the process of acquiring cash flowing small multifamily rentals in Kansas City. Sorry, no seller financing available, please do not ask. Information deemed reliable but not guaranteed. Buyer and buyers agent responsible for verifying all information.
Strong tenant demand in this well-located duplex in the heart of Lee's Summit! Situated just off Chipman Road, this well-maintained two-unit property is surrounded by new shopping, dining, and top-rated schools in the Lee's Summit School District.
Each unit features a one-car garage, two spacious living areas (upstairs and downstairs), and a dedicated laundry area.
Unit 515A has been fully remodeled with stainless steel appliances, updated countertops, brand-new flooring, modernized bathrooms, and fresh paint. This unit offers 3 bedrooms and 2 full baths, with an expected rent of $1,475/month.
Unit 515B is a 3-bedroom, 1.5-bath unit with a long-term tenant (since 2015) on a month-to-month lease. It was last updated in 2015.
Both units have separately metered utilities, with tenants covering all expenses.
For investors, this is a turnkey property in an A-class submarket, while owner-occupants have a unique opportunity to purchase with as little as 3.5% down using FHA financing—live in one unit while renting out the other to offset your mortgage!
Enjoy very low maintenance costs and high rental demand on this A class rental property which will appreciate nicely over time. Curious about the tax benefits that could be available to you as the new owner? Need help sourcing a lender well suited to financing this property? Reach out! Happy to help walk any investor through the process of acquiring cash flowing small multifamily rentals in Kansas City. Sorry, no seller financing available, please do not ask. Information deemed reliable but not guaranteed. Buyer and buyers agent responsible for verifying all information.
Location
State MO
County Jackson
Zoning MF
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Laundry In Garage
Exterior
Parking Features true
Utilities Available Ind Heat And Air, Separate Meters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Brick & Frame,Brick Veneer
Schools
School District Lee'S Summit
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
