405 Gilbert St Independence, MO 64056

Listing details for 405 Gilbert St, Independence, MO 64056 : Excellent cash flowing investment with value-adding opportunity. One of the units was remodeled about 5 years ago and rents near 1,000, but well under market. Unit 407 could be updated (no vacancy since purchase 6 years ago) to increase rents to market +1,300/mot (900 current). Current cashflow 22,560 with upside to +30k (see listing for 405). Property tax and Insurance are the only necessary expenses; tenants take care of lawn and pay all utilities. Priced competitively (see recent comp). Exterior could use a facelift as part of the value add. Can be sold with 411 Gilbert MLS#2596267. No showings until contracted. Duplex is sold owener/agent. Look up 405 NE Gilbert on Zillow for view of updated unit.