Listing courtesy of Keller Williams Realty Partners Inc.
Property Description
Turnkey investment opportunity in the highly desirable Village at New Longview. This Chicago plan townhome is fully leased and currently generating $2,395 per month ($28,740 annually) in rental income, offering immediate cash flow from day one. Priced at $350,000, the property delivers an estimated ~6.3% cap rate based on current expenses. The HOA covers exterior maintenance, roof, exterior paint, and building insurance, significantly reducing owner responsibility and limiting exposure to major capital expenditures. This highly rentable floor plan features two spacious upstairs bedrooms and two full baths, including a primary suite with dual vanities and dual showerheads. The open-concept main level includes a quartz kitchen with soft-close cabinetry, a convenient powder room for guests, and a private balcony off the kitchen. A dedicated lower-level home office adds additional flexibility that appeals strongly to today’s tenant pool. Located in one of Lee’s Summit’s premier low-maintenance communities with consistent rental demand, this is an ideal opportunity for investors seeking stabilized income, limited maintenance obligations, and long-term appreciation potential. Oversized garage with extra room for bikes, gear, or storage. The $240/month HOA covers a wide range of services—roof, exterior paint, lawn care, snow removal, trash/recycling, building insurance, and access to a future community pool—so you can focus on living, not maintenance. Move-in ready and designed for modern life, the Chicago is where smart living meets everyday comfort.
Property Details and Features
- Basement
- Description: “Inside Entrance”
- Bathrooms
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bedrooms
- Total Bedrooms: 2
- Building
- Finished Area Above Grade: 1292
- Area: 1292
- Construction Materials: “Brick”, “Stucco”
- Cooling
- Details: “Electric”
- Garage
- Garage Spaces: 1
- Heating
- Heating: “Natural Gas”
- Home Owner’s Association
- Fee: 240
- Dues Frequency: Monthly
- Fee Includes: “Building Maint”, “Curbside Recycle”, “Lawn Service”, “Maintenance Free”, “Parking”, “Insurance”, “Roof Repair”, “Roof Replace”, “Snow Removal”, “Trash”
- Listing
- Status: Active
- Location
- Area: 204 – Lee’s Summit Area
- County: Jackson
- Subdivision: Village at New Longview
- Lot
- Size: 944
- Roof
- Description: “Composition”
- Schools
- Elementary: Longview Farms
- Middle/Junior High: Pleasant Lea
- High School: Lee’s Summit West
- Sewer
- Sewer: “Public Sewer”
- Utilities
- Water Source: “Public”
