Now that I'm back on the subject of Kansas City area real estate investing I would like to tell you about this 9 year old duplex for sale in Belton, Missouri.
Asking Price - $164,995
Rents - $750 per side
Occupancy - 100%
Leases - 1 year. Expires 3/31/08 & 8/31/08
Bedrooms - each side has 3
Bathrooms - each side has 2 full
Taxes - $1,630
Insurance - approx $617 (per seller)
I do have copies of the leases if you would like to review. Both are Section 8 occupied through the Housing Authority of Southwest Missouri. One is a longer term tenant that the owner/seller feels isn't going anywhere.
For those of you unfamiliar with Belton, Missouri, it is a growing suburb of Kansas City and is located right off the US 71 Highway as you are heading south. This duplex for sale is located in the heart of the original Belton area and is surrounded by a good mix of single family and all brick duplexes. The neighborhood has held up very well throughout the years.
For amenities that your tenants are looking for the duplex is just 2 blocks ~ from Scott Elementary and the Belton School District has a great reputation. There is also plenty of shopping and access to the highways just minutes away.
Go ahead and run those numbers through your calculators. I believe you will like what you see.