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About This Home
This 0-bedroom, 0-bathroom residential multi family at 11601 E US Highway 24 in Independence, MO is listed for $1,399,900. Built in 1940, on a 0.77 acres lot.
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. Property is back on the market due to previous buyers financing terms not coming back as he had hoped. Inspections never took place. Updated rent roll as of 2/5/26 uploaded. Current rent just under $22k/monthly. Listing agent is part owner. Both sellers are active real estate agents.
Key Features
- Built in 1940
- 0.77 acre lot
Property Details
Amenities
Monthly Cost Estimate
$7,487/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
11601 E US Highway 24
Independence, MO 64054
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 11601 E US Highway 24 is listed at $1,399,900. The estimated monthly payment is $6,066 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.77 acre lot.
This property is listed by Stephanie Sparks and can be reached at 4176891559 or stephaniesparkskc@gmail.com.
