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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.
- Directions
- Going west on E Truman Rd, turn right onto N Noland Rd, turn left after A A Auto Sales (on the left) onto US-24 W, 11601 E US Hwy 24 will be on your left.
- Subdivision
- Other
- City
- Independence
- County
- Jackson
- Property Type
- Residential Income / Other
- Listing Updated
- Mar 11, 2026 at 8:03pm
- MLS Number
- 2597237
- Property Tax
- $3,987
- Zoning
- $R-6
- Home Owners Association
- No
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- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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