Blue Springs quadplex priced to sell, even for the financed buyer! Property in a good location? CHECK. Is it structurally solid with newer components/systems? CHECK. Will it cash flow? CHECK. So many factors make this an excellent opportunity for your investor or owner occupied buyer. Inspections performed a year ago, and checked out EXTREMELY clean. 2 year old roof, 6 year old HVACs, and 7 year old windows! All four are large single bedroom units. Two of the four have been remodeled (one full and one partial) with amazing tenants. Current landlord decided to part ways with other two (previously long-term) tenants with last one leaving at the end of September, creating perfect opportunity for easy remodel, lifted rent, and clearing amazing cash flow! Previous owner did not push the envelope on increasing rents to correspond with market inflation, but current owner started that process.. Rentometer shows avg. 1/1 apartments at $1,000/mo. (see supplements for report). Lease at a conservative $900/mo. for 10% cap rate AND cash on cash return! ALL expenses covered by TENANTS. Location is impeccable, only a minute from all the downtown Blue Springs shops and restaurants. Come check out this exceptional 4plex and add to your portfolio!

Listing courtesy of HMLS / ReeceNichols Brookside

Last checked: Checking… • Last updated Jul 18, 2024 • Source: HMLS

MLS# 2455278 — Report a problem