1001-03 Arrowhead Ridge

Independence, MO 64056

$2,190,000
Price
Beds
15,600 Sq. Ft.
$140 / Sq. Ft.
15,600
Sq. Ft.
$140
per Sq. Ft.

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!
  1. 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

StatusActive
MLS #2495997
Days on Market129
Taxes$20,349 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income / Package of Properties
Year Built1971
Lot Size2.98 AC / 130,000 SF
CountyJackson County

Building Information for 1001-03 Arrowhead Ridge

Stories1Residences20Year Built1971Lot Size2.98 AC / 130,000 SF

Property Information for 1001-03 Arrowhead Ridge

Summary
Location and General Information
  • City: Independence
  • County Or Parish: Jackson
  • Directions: Head north on Walnut St toward E 16th St, go 0.1 mi Turn right onto Truman Rd, go 420 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 12.6 mi Take exit 15B to merge onto I-470 N/MO-291 N toward Liberty, go 0.4 mi Keep left to continue on Rte 291 N Pass by Arby's (on the right in 2.4 mi) , go 5.2 mi Take the US-24 ramp to Lexington/Independence, go 0.2 mi Turn right onto US-24 E Pass by Commerce Bank (on the right in 0.8 mi), go 1.5 mi Turn right onto N Arrowhead Ridge Destination will be on the left, go 0.5 mi
  • Latitude: 39.120773
  • Longitude: -94.353099
  • MLS Area Major: 206 - Independence Area
  • Zip Code: 64056
  • State Or Province: MO
  • Subdivision: Other
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Comment: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $20,349.00
  • Parcel Number: 16-510-05-05-00-0-00-000
  • Tax Annual Amount: $20,349.00
School Information
  • High School District: Fort Osage
Parking
  • Garage: No
  • Parking Features: Off Street
Property
Lot Information
  • Building Area Total: 15600.0
  • Lot Size Area: 130,000.00
  • Lot Size Source: Estimated
  • Lot Size SqFt: 130,000.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Concrete, Vinyl Siding
  • Documents Available: Financial Details
  • Documents Count: 5
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: 1001 Arrowhead Rdg, Independence, MO 64056 = FARVIEW GARDENS LOT 121 18800-02 E Blackhawk Trl, Independence, MO 64056 = FAR VIEW GARDENS LOT 27 18738-40 E Blackhawk Trl, Independence, MO 64056 = FAR VIEW GARDENS LOT 26 18707-09 E Blackhawk Trl, Independence, MO 64056 = FARVIEW GARDENS LOT 37 18731-33 E Blackhawk Trl, Independence, MO 64056 = FAR VIEW GARDENS LOT 34 18854-56 E Wigwam Pl, Independence, MO 64056 = FAR VIEW GARDENS LOT 57 18823-25 E Wigwam Dr, Independence, MO 64056 = FARVIEW GARDENS LOT 67 18805-07 E Wigwam Dr, Independence, MO 64056 = FAR VIEW GARDENS LOT 70 19024 E Swope Trl, Independence, MO 64056 = FARVIEW GARDENS LOT 101 1039 N Aztec Ct, Independence, MO 64056 = FAR VIEW GARDENS LOT 111
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 24
  • Year Built: 1971
Utilities
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: No
  • Bathrooms Total: 0
  • Unit Type: 2 Bedroom
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 20
Income & Expenses
  • Gross Income: $223,336.00
  • Maintenance Provided YN: No
  • Operating Expense: $20,349.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type: Unit SQFT: 780
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 20
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: Accurate Title
  • Existing Lease Terms: Month To Month, One Year Lease

Property History for 1001-03 Arrowhead Ridge

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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1001-03 Arrowhead Ridge is for sale in Independence, MO 64056. This property was listed for sale on June 25, 2024 by Lutz Sales + Investments, it's currently listed at $2,190,000. This listing's school district is Fort Osage R-I School District. Nearby schools include Cler-Mont Elementary School, Lewis And Clark Learning Center and Fort Osage High School. 1001-03 Arrowhead Ridge is a 0-bed, 0-bath, 15,600 sqft built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.