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Independence Newest Listings

0 Baths
The subject offering consist of 3 duplex buildings and 6 total units located on a street of rental properties near the cities historic Downtown Square in Independence, Missouri. Built in 1960 and 1962, the properties on North Cottage Street stand 1-story with garage parking and surface parking available to each individual unit. Over the last 12 months, all properties have undergone and completed extensive unit renovations to present a more uniform product to investors/tenants. Full unit renovations were completed in 4 of the 6 units and consisted of new floors (vinyl planking and carpet in bedrooms), full interior paint, new appliances, fixtures and hardware and updates to the kitchens and bathrooms. All units at the property have 2-bedrooms, central air, individual hot water heaters and tenants are responsible for utilities. The buildings are separately metered for gas and electric and units provide washer/dryer hookups to tenants. The 4 units (2 duplexes) on the adjoining lot at 1122-1124 & 1128-1130 N Cottage Avenue are mirror image buildings/units and must be sold together. The buildings share a detached 4 car garage at the rear (accessed via shared driveway/easement separating lots). 3 of these 4 units have been fully updated. The raised ranch duplex at 1212-1214 N. Cottage is three buildings north of the adjoining lots and can be purchased individually from the adjoining lots, or together as a package. There is a slight variation in floorplans between the units in the building with the 1212 unit having an exterior door to the garage and full bathroom in the basement (the only unit in the portfolio with a second bathroom). ** The portfolio can be broken up into a 4-unit listing (MLS#2414522) and 2-unit listing (MLS#2414508). All properties included in this package are owned by the same LLC. See Addendum A and Offering memorandum in supplements for more details.

N Cottage Street, Independence

Listing courtesy of Parker Beck of Compass Realty Group.

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