227 E College St Independence, MO 64050

Listing details for 227 E College St, Independence, MO 64050 : Great investment with cash flow & an impressive cap rate - 9.77%. Located close to Independence Square this brick & block bldg has 3 tenants. One long term tenant, the print company rents entire lower level at $1,800/month. Top level is split into 2 halves w/cabinetmaker on one side of building at $500/mo. & private tenant on other side at $500/mo. Potential opportunity to have a business on one level & collect rent from the business on lower level. Nice size parking in back of the building & on left side of bldg. 40 year roof put on in 1997. Lower level tenant in place since 1982, cabinet maker tenant in place for about 3 years, and private tenant in place for about 2 months. Private tenant is willing to vacate for a new owner with a 30 day notice. Current Building expenses are taxes and insurance.