704 Rhodes Avenue, Grandview, MO 64030
- $250,000
- 5
- BD
- 3
- BA
- 2,964
- SqFt
- List Price
- $250,000
- MLS#
- 2639347
- Status
- PENDING
- Type
- Single Family Residential
- Bedrooms
- 5
- Bathrooms
- 3
- Living Area
- 2,964
- Lot Size
- 13,062
- Acres
- 0.30
- Subdivision
- Grand View
Property Description
Turnkey 3-Unit Multifamily Investment Opportunity Well-maintained upper/lower duplex with an additional garage apartment, offered as a three- unit multifamily property. This income-producing property features two units that are rent- ready and ready for immediate occupancy, plus a garage apartment currently secured with a two-year lease for dependable existing income. The interiors and exteriors of all three units have recently been painted and repaired, providing a clean, refreshed presentation for tenants and reducing near-term maintenance needs. All mechanical systems are reported to be in good working order. The property also includes a paved rear parking lot, adding valuable off-street parking for residents. There is potential to enhance future cash flow by adding storage units in the rear parking area, subject to local zoning, approvals, and buyer due diligence. Electrical service is separately metered for each unit. The owner currently pays water and trash expenses; however, water may offer an opportunity for separate metering in the future. Whether added to an investment portfolio or used as an owner-occupied property with rental income, this versatile three-unit property offers immediate rental potential and room for additional upside.
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Additional Information
- Year Built
- 1928
- School District
- Grandview
- Basement
- Yes
- Basement Description
- Unfinished, Partial
- Roof
- Composition
- Central Air
- Electric, Window Unit(s)
- Sewer
- Public Sewer
- Construction
- Lap Siding, Shingle Siding
- Water
- Public
- Cooling
- Electric, Window Unit(s)
- Heating
- Electric, Natural Gas, Space Heater
- Taxes
- $3,998
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Listing courtesy of Casey Jones of 1st Class Real Estate KC.
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