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Listed by Devaune Johnson • Lifestyles Realty Missouri, INC
$399,999
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Wilder
MLS Listing ID 2639324
Year Built 1930
Annual Tax Amount $3,545
Lot Size 0.412 Acres
Acres 0.41246557
Property Sub-Type Triplex
Source hmls
Property Description
Turnkey triplex at 4770 Railroad Avenue offering immediate cash flow with room to grow. The front unit is a 3-bedroom, 1-bath currently leased month-to-month at $1,295, while the upstairs rear unit is a 3-bedroom, 1-bath with stackable washer and dryer, also leased month-to-month at $1,325. The downstairs rear unit is a 1-bedroom, 1-bath with stackable washer and dryer, currently vacant and ready for a new tenant or owner-occupant, giving a buyer flexibility to set market rent or move in immediately. All three units were remodeled within the last two years, reducing near-term capital expenditure and supporting stronger rent-to-value performance. Residents are responsible for all utilities, keeping operating expenses low and simplifying management. Month-to-month leases on two of the three units provide an investor the ability to reposition rents to market without waiting on lease expirations. A strong opportunity for an investor seeking updated construction, minimal deferred maintenance, and immediate income with upside. All information is deemed reliable but not guaranteed. Buyer/ Realtor to verify all information.
Location
State KS
County Johnson
Zoning RES
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Composition
Building
Story 2
Sewer Septic Tank
Water Public
Structure Type Frame,Vinyl Siding
Schools
School District Shawnee Mission
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby Locations
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