3512 S Lynn St Independence, MO 64055

Listing details for 3512 S Lynn St, Independence, MO 64055 : Excellent investment opportunity to own 8 fully-occupied units in a sustainable rental market located in Independence next to I-70 and Noland Road. Offered for sale is a package of two fourplexes that consist of all brick structures, including eight 2 bedroom and 1 bath units, large concrete off street parking, each unit having private entrance and walk out back patios. Gross Income is $5,193 per month with rents ranging from $575-$790 per unit. $62,316 annual gross income. All units have rental deposits and long term leases in place. The property has been diligently maintained by a third party property management company and is in good condition. Rental and Expense information can be provided on request. Two of the units are Section 8 and the Seller pays utilities. These two units have an increased rent to cover more than the utility cost. The other 6 units the tenants pay all utilities. Very convenient location being the first units on S Lynn Street at the intersection of Noland and 35th Street ½ mile north of I-70. One unit is vacant, but currently rented and can be viewed for a showing. This sale includes addresses 3508, 3510, 3512, 3514 Lynn Street. With very few multi-family investment opportunities on the market and the good condition, location and turn-key cash flow this one offers I am sure it will not last long!