Vacant Duplex for Sale In Lee's Summit, Missouri

[Kim Tucker]

Property is a Duplex at 5 & 7 NE Eastridge Court in Lee’s Summit, Mo near downtown Lee’s Summit. Each unit is a 2 bedroom, 1 bath unit with 1 car garage and an unfinished basement that could be expanded. About 720 Finished Square feet each. Property was build in 1964 and the taxes are $1,749 per year. The previous owner rented them at $675 in this condition. Zillow is showing rents from $750 for an average unit of this size all the way up to $1000 a month if it’s all renovated with brand new everything. The Zestimate on this one is $126,000 (click for Zestimate) and when we look at comparables on MLS we have values ranging from $120,000 all the way up to $165,000. We think about $130,000 is a good ARV Value.

=====>> Link to all Photos

=====>> After Repair Value between $120,000 and $165,000 depending on the renovation

=====>> Estimated Repairs: $30,000 for a $130,000 after repair value

=====>> Our Asking Price $86,500

Please call Scott at 816-284-7844 to schedule a showing. We will be taking offers all this week and if we do not have it under contract by January 2nd, we will then be listing it in MLS.