Property Address: 11601 E Us Highway 24, Independence, MO, 64054-1521
Average square foot calculated using Size range provided by listing agent.
Description
Strong income-producing rental property with low property taxes and long-term tenants. CAP Rate is at 11.5% at current listing price. Owner is willing to stay on for two months after the sale to help with the transition. Approximately one-third of tenants are voucher holders, eligible for rental increases, providing immediate value-add potential. Stable cash flow with upside opportunity. Listing agent is part owner. Both sellers are active real estate agents.