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(913) 433-4229
Real Estate Company
505 SE FLORENCE Street, Lee's Summit, MO 64063
- $290,000
- List Price
- $290,000
- MLS#
- 2650687
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 8,712
- Acres
- 0.20
- Subdivision
- Higginbotham Acres
Property Description
Exceptional investment opportunity! This fully occupied, single-level side-by-side duplex delivers immediate cash flow and strong long-term upside. Designed with spacious layouts and strong tenant appeal, each side features 2 generous bedrooms and 1 full bath, offering an expansive floor plan that sets it apart from typical rental inventory. Property Highlights: Turnkey Cash Flow: Both units are currently tenant-occupied, providing immediate rental income from day one. Thoughtfully Updated (Unit A): Underwent a stylish 2025 refresh, featuring modern Luxury Vinyl Plank (LVP) flooring in high-traffic main areas, fresh neutral paint throughout, and new carpet in the bedrooms. Spacious Living Spaces: Each unit boasts an oversized living room filled with natural light—perfect for relaxing or entertaining—along with large, comfortable bedrooms offering ample closet space. Single-Level Convenience: Low-maintenance ranch-style living layout appealing to a wide range of long-term tenants. Full Basement: Provides vast additional storage, utility spaces, and future potential for tenant amenities or value-add updates. Whether you are looking to expand your rental portfolio with a low-maintenance, high-performing asset or secure a solid long-term investment, this well-maintained property is a must-see. Photos provided are from Unit A prior to current tenant moving in.
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Additional Information
- Year Built
- 1987
- School District
- Lee's Summit
- Middle School
- Pleasant Lea
- High School
- Lee's Summit
- Hoa Due
- Annually
- Basement
- Yes
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Frame
- Water
- Public
- Cooling
- Electric
- Heating
- Forced Air
- Taxes
- $3,900
- Zoning
- DUPLEX
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Listing courtesy of Chris Goodale of Midwest Property Resources LLC.
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