9930 E 36th Street S, Independence, MO 64052
- $1,900,000
- List Price
- $1,900,000
- MLS#
- 2595484
- Status
- PENDING
- Type
- Multifamily
- Lot Size
- 25,956
- Acres
- 0.60
- Subdivision
- East Hollywood
Property Description
MOST APPEALING FEATURE ABOUT THIS PROPERTY IS: Offered at ~8.8% In-Place CAP with 11%+ Stabilized Upside. This property presents a compelling opportunity to acquire a well-positioned multifamily asset with strong income potential. Comprised of multiple units, the property offers immediate cash flow with additional upside through strategic improvements and operational efficiencies. One of its most attractive features is the unit mix and overall scale, allowing investors to benefit from diversified rental income across multiple tenants. The layout supports practical living spaces that appeal to a broad tenant base, helping to maintain consistent occupancy. The property sits in a convenient location with access to major highways, employment corridors, and local amenities, making it attractive for renters seeking both accessibility and affordability. Additional highlights include separate utilities (if applicable), ample parking, and solid building structure, giving investors a strong foundation to enhance value over time. For those looking to implement a value-add strategy, there is clear potential to increase rents, improve unit interiors, and optimize property management. Whether you’re expanding your portfolio or entering the multifamily space, this asset offers a balance of current income and long-term appreciation potential.
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Additional Information
- Year Built
- 1965
- School District
- Independence
- Basement
- Yes
- Interior Features
- Storage, Common Entry
- Exterior Features
- Balcony
- Roof
- Synthetic
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Brick Veneer, Concrete
- Water
- Public
- Cooling
- Electric
- Heating
- Forced Air
- Taxes
- $8,065
- Zoning
- R30
Mortgage Calculator
Listing courtesy of Stacie Green of Keller Williams Realty Partners Inc..
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