11601 E Us Highway 24 Highway, Independence, MO 64054

Independence
Local realty services provided by:ERA High Pointe Realty
11601 E Us Highway 24 Highway,Independence, MO 64054
$1,199,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: stephanie sparks
Office: platinum realty llc.
MLS#:2597237
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,199,000

About this home

Strong income-producing rental property with low property taxes and long-term tenants. CAP Rate is at 11.5% at current listing price. Owner is willing to stay on for two months after the sale to help with the transition. Approximately one-third of tenants are voucher holders, eligible for rental increases, providing immediate value-add potential. Stable cash flow with upside opportunity. Property is back on the market due to previous buyers financing terms not coming back as he had hoped. Inspections never took place. Updated rent roll as of 2/5/26 uploaded. Current rent just under $22k/monthly. Listing agent is part owner. Both sellers are active real estate agents.

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Home facts

  • Year built:1940
  • Listing ID #:2597237
  • Added:67 day(s) ago
  • Updated:March 29, 2026 at 02:22 PM

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1940
  • Construction Materials:Board & Batton

Utilities

  • Water:City/Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,199,000

Parking

  • Parking description:Other
MLS LogoBay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data <Last Updated March 29, 2026

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