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Dan Edson

dan@homeconnectionteam.com +1(816) 695-7352

Listed by Veronica Wilcox • RE/MAX Revolution

$ 375,000

Est. payment | -/mo

0.41 Acres Lot

Save

$ 375,000

Est. payment | -/mo

Save

0.41 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Package of Properties

Listing Status Active

Purchase Type For Sale

Subdivision Ruskin Hills

MLS Listing ID 2640901

Year Built 1957

Annual Tax Amount $1,342

Lot Size 0.415 Acres

Acres 0.41487604

Property Sub-Type Package of Properties

Source hmls

Property Description

INVESTMENT OPPORTUNITY: 11316 Lewis Ave offers the ease of stepping directly into an established, income-producing rental without the renovation and stabilization work that often comes with an investment purchase. This 4-bedroom, 2-bath, 1,272 sq. ft. home is currently tenant-occupied at $1,950 per month and has been thoughtfully updated and well-maintained with LVP flooring, quartz countertops, stainless steel appliances and updated bathrooms. For investors looking to add more than one quality property to their portfolio, 11316 Lewis Ave may also be purchased as an optional two-property package with 6905 E 112th St. 6905 is a 3-bedroom, 1-bath home with a 1-car garage, also tenant-occupied and currently renting for $1,550 per month. Together, the two properties generate $3,500 in monthly rent and $42,000 in annual gross rental income. Offered together at $375,000, the package has an estimated stabilized NOI of $28,243 and estimated 7.53% cap rate, based on 5% vacancy, 10% property management, 8% maintenance reserve, actual property taxes and insurance. 6905 E 112th St (MLS #2640896) and 11316 Lewis Ave (MLS #2640900) are offered together for $375,000. Also available as Multifamily package (MLS #2640901). The properties can be purchased separately or together. Please do not disturb tenants.

Location

State MO

County Jackson

Zoning R1

Interior

Heating Electric

Cooling Electric

Fireplace N

Appliance Dishwasher, Refrigerator, Electric Range, Stainless Steel Appliance(s)

Laundry Inside

Exterior

Parking Features true

Utilities Available Ind Heat And Air, Ind Water Heaters

Roof Type Composition

Building

Story 1

Sewer Public Sewer

Water Public

Structure Type Board & Batten Siding,Vinyl Siding

Schools

School District Hickman Mills

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(816) 695-7352

dan@homeconnectionteam.com

605 Mayberry Ct, Raymore, MO 64083, USA

Learn More About LPT Realty

11316 Lewis AVE Kansas City, MO 64134