1911 S Crescent Ave - Multi-Family FOR SALE


Independence, MO 64052- Hill Park
$249,900 USD
303-242-8980
1911 S Crescent Ave, Independence, MO for Sale
$249,900 USD
Multi-Family - FOR SALE
1/15
null | 7.7% Cap Rate

1911 S Crescent Ave
Independence, MO 64052
Hill Park


HIGHLIGHTS

  • Fully occupied, strong rental history
  • Low maintenance
  • High-end rental features

OVERVIEW

Well-kept side-by-side duplex in Independence, fully occupied and ready for a buyer who wants a low-maintenance investment. Each unit offers 736 square feet of main-level living with 2 bedrooms, 1 bathroom, central air and heat, and in-unit laundry hookups. Below, each side has a full 736 sf unfinished basement, with about 250 sf used for a 1-car attached garage, leaving plenty of room for storage. The garages open onto the rear concrete drive. Unit 1913 was just turned and has hardwood floors, ceiling fans, and an updated kitchen with white shaker-style cabinets, granite countertops, subway tile backsplash, and a stainless steel range, microwave, and dishwasher. Unit 1911 has similar finishes. The painted brick exterior and separate walkways to each front door give both units their own curb appeal. Both units have long-term tenants in place: unit 1913 has a new lease starting 10/1 that runs through 9/30/27, and the resident in unit 1911 has signed a lease renewal. Residents pay their own utilities, which keeps owner expenses simple. The property has needed very little repair or maintenance beyond the recently completed turn, so it's a strong fit for a first-time investor or a seasoned buyer adding to a portfolio. Photos show unit 1913; unit 1911 has the same layout.

FOR SALE DETAILS

PRICE

$249,900 USD

PRICE/SF

$85 USD /SF

# OF UNITS

2

PRICE/UNIT

$124,950

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

Duplex

APN/PARCEL ID

27-510-05-08-00-0-00-000

ASK ABOUT THIS PROPERTY

Mike HillsAtlas Real Estate GroupMore Info
303-242-8980

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Mike HillsAtlas Real Estate GroupMore Info
303-242-8980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.