1001-03 Arrowhead Ridge
$2,190,000
—
15,600
15,600
$140
Description
Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex. All of these amenities...Package of ten ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. Tenants love having a two-bedroom single-story living featuring functional layouts with a dedicated laundry area. The laundry area was made for side-by-side washer/dryer and units feature hook- ups with residents providing their own machines. The properties are all located within the coveted Fort Osage School District and feature dedicated off-street parking right in front of the duplex. All of these amenities keep renter demand high. The owner expenses on the duplexes are very low with residents paying for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee, if using professional management. The package contains mostly newer roofs and mechanicals. The average HVAC age is 2017, the average hot water heater year is 2016, and the average 30-year roof was installed in 2015. Market rent is ~$1089 with a current average rent of ~$931 across all 20 units in the package. Please see OM for rental and sales comparables. This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Sold off individually these properties would sell for 235k+ today, so buy this package with instant equity. Don’t miss out on this great rental property opportunity! Considering a 1031 exchange? Reach out today!
- Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576
Property Details for 1001-03 Arrowhead Ridge
Zoning
R-12
LISTING UPDATED: 08/05/2024 01:46 PM
Property Details for 1001-03 Arrowhead Ridge
Status | Active |
---|---|
MLS # | 2495997 |
Days on Market | 159 |
Taxes | $20,349 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Residential Income / Package of Properties |
Year Built | 1971 |
Lot Size | 2.98 AC / 130,000 SF |
County | Jackson County |
Building Information for 1001-03 Arrowhead Ridge
Stories1Residences20Year Built1971Lot Size2.98 AC / 130,000 SF
Property Information for 1001-03 Arrowhead Ridge
Property History for 1001-03 Arrowhead Ridge
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1001-03 Arrowhead Ridge
This home is within Fort Osage R-I School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | K to 12 | |||
Public - | 9 to 12 | |||
Public - | K to 4 |
Rating | School | Distance |
---|---|---|
Cler-Mont Elementary School PublicK to 4 | ||
Lewis And Clark Learning Center PublicK to 12 | ||
Fort Osage High School Public9 to 12 | ||
Elm Grove Elementary School PublicK to 4 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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