Listing courtesy of Keller Williams Realty Partners Inc.
Property Description
Turnkey investment opportunity in the highly desirable Village at New Longview. This property is fully leased and currently generating $2,620 per month ($31,440 annually) in rental income, providing immediate cash flow from day one. Priced at $400,000, the property offers an estimated ~6% cap rate based on projected expenses. The HOA covers exterior maintenance, roof, exterior paint, and building insurance, significantly reducing owner responsibility and minimizing exposure to major capital expenditures. Located in one of Lee’s Summit’s premier low-maintenance communities with strong rental demand, this property presents an excellent opportunity for investors seeking stabilized income, limited exterior obligations, and long-term appreciation potential. With a tenant already in place and predictable operating costs, this is a clean, straightforward addition to any investment portfolio.
Property Details and Features
- Basement
- Description: “Full”, “Inside Entrance”, “Stubbed for Bath”
- Bathrooms
- Full Bathrooms: 2
- Half Bathrooms: 1
- Bedrooms
- Total Bedrooms: 2
- Building
- Finished Area Above Grade: 1479
- Area: 1479
- Construction Materials: “Lap Siding”
- Cooling
- Details: “Electric”
- Fireplaces
- Total Fireplaces: 0
- Garage
- Garage Spaces: 2
- 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: Pending
- Location
- Area: 204 – Lee’s Summit Area
- County: Jackson
- Subdivision: Village at New Longview
- Lot
- Size: 1832
- 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”
