16704 E 28th Pl S N/A, Independence, MO 64055

Offering a turn-key multi-family fourplex in Independence Missouri, that is well maintained and updated with long-term leases and reliable tenants providing a gross monthly rent of $3,669 and annually $44,028, with room to increase rent to market rate on multiple units. Each unit offers 2 beds and 1 bath, full kitchens, walk out decks, one unit with a full finished basement, 2 garages, and large lots backing up to trees. There is a storage room approximately 1000 sqft not leased with its own exterior access that serves as an excellent location for landlord storage but could also be renovated into its own unit. These properties have been managed the last 13 years by a local property management company who has done an excellent at renovating and raising rents to market value each time there is a move out, however, multiple tenants have been in place for several years. Extremely high occupancy rate and easy to rent located in great neighborhood with nearly all single family homes and near excellent elementary schools.

The current lease details the tenant responsible for utilities and trash service. The landlord/property manager is responsible for mowing and snow removal. The fourplex has all new gutters and facia and not shown in photos. There are no outstanding maintenance items, and all rents are paid and current. Rent Rolls and YTD income and expenses are available as well as last years full 12-month history.