Description of 11601 Us Highway 24 Hw, Independence, MO 64054
Listing details for 11601 Us Highway 24 Hw, Independence, MO 64054 : 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.
View More
Listing Updated : 04-07-2026 at 8:00 PM CDT
Listing Provided By : Stephanie Sparks, 888-220-0988, Platinum Realty LLC
Source :
Heartland MLS as distributed by MLS GRID, MLS#: HMS2597237
Property Details
Overview
Status
Active
MLS #ID
HMS2597237
Price
$1,399,900
Bedrooms
Bathrooms
0
Square Footage
Acres
0.77
Year
1940
Days on Site
78
Property Type
Residential Income
Property Sub Type
Other
Price per Sq Ft
$0
Date Listed
Jan 20, 2026
Community Information for 11601 Us Highway 24 Hw, Independence, MO 64054
Based on information submitted to the MLS GRID as of {{mls_grid_update_timestamp}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information