1001 03 Arrowhead Ridge
Independence, MO 64056
- – beds
- – baths
- – sqft
- ~3 acre lot
- 1971 build
- – on site
Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex. All of these amenities keep renter demand high. The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals. The average HVAC age is 2017, the average hot water heater year is 2016, and the average 30-year roof was installed in 2015. Market rent is ~$1089 with a current average rent of ~$931 across all 20 units in the package. Please see OM for rental and sales comparables. This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Sold off individually these properties would sell for 235k+ today, so buy this package with instant equity. Don’t miss out on this great rental property opportunity! Considering a 1031 exchange? Reach out today!
Listing courtesy of HMLS / Lutz Sales + Investments
Last checked:
Checking…
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Last updated Aug 5, 2024
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MLS# 2495997 —
The Building
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Year Built:1971
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Age Description:51-75 Years
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Construction Materials:Concrete, Vinyl Siding
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Roof:Composition
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Basement:false
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Unit Type:2 Bedroom
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# of Units Total:20
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Stories Total:1
Location
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Directions:Head north on Walnut St toward E 16th St, go 0.1 mi Turn right onto Truman Rd, go 420 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 12.6 mi Take exit 15B to merge onto I-470 N/MO-291 N toward Liberty, go 0.4 mi Keep left to continue on Rte 291 N Pass by Arby's (on the right in 2.4 mi) , go 5.2 mi Take the US-24 ramp to Lexington/Independence, go 0.2 mi Turn right onto US-24 E Pass by Commerce Bank (on the right in 0.8 mi), go 1.5 mi Turn right onto N Arrowhead Ridge Destination will be on the left, go 0.5 mi
The Property
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Property Type:Residential Income
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Property Subtype:Package of Properties
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Parcel Number:16-510-05-05-00-0-00-000
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Lot Size SqFt:130000
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Lot Size Area:130000
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Lot Size Units:Square Feet
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Zoning:R-12
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In Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (913) 426-5576
- Office phone:
- (913) 426-5576
Taxes
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Tax Total Amount:20349
The Listing
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Virtual Tour Unbranded:
Heating & Cooling
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Cooling:Electric
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Cooling:true
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Heating:Forced Air
Utilities
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Utilities:Separate Meters
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Sewer:City/Public
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Water Source:Public
Schools
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High School District:Fort Osage
The Community
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Subdivision Name:Other
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Association:false
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Association Fee Frequency:None
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Type Of Management:Off-Site Mgmt
Parking
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Garage:false
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/25/24
Jun 25, 2024
|
Listed / Active | HMLS | $2,190,000 |