2310 S Forest Ave - Multi-Family FOR SALE


Independence, MO 64050- Three Trails
$895,000 USD
913-426-5576
2310 S Forest Ave, Independence, MO for Sale
$895,000 USD
Multi-Family - FOR SALE
1/13
null | Request Cap Rate

2310 S Forest Ave
Independence, MO 64050
Three Trails


HIGHLIGHTS

  • Central Heat and Air
  • On-site Laundry Facility
  • Dedicated Parking Lot & Secure Entryways
  • Central Location to Both Independence and the Whole Kansas City Metro

OVERVIEW

Discover a fantastic investment opportunity with the Rivendell Apartments, a 12-unit building located in the heart of Independence, Missouri. These impeccably maintained apartments feature central heat and air and modern appliances including a dishwasher, stove, refrigerator, and garbage disposal. The property offers secure entryways, off-street parking, and an on-site coin-operated laundry facility. The property benefits from being in the heart of Independence with quick access to 23rd Street and the vibrant amenities of central Independence, including shopping, dining, and transit. Built with durability in mind and consistently maintained since construction this property attracts working tenants looking for what Rivendell offers – clean functional units, secured entry, on-site parking, and on-site laundry. Rivendell Apartments presents a stable income stream with the potential for rental increases through time, making it an ideal acquisition for investors seeking a hassle-free, value-add opportunity in a growing submarket with strong tenant demand.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

12

PRICE/UNIT

$74,583

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rivendell Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,912 SF

ZONING

R

APN/PARCEL ID

26-430-03-26-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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