1029 SE 7th Terrace, Lee's Summit, MO 64063

About this home

Well-maintained corner lot Duplex in a convenient location and excellent school district with the ability to sell as a halfplex. This duplex is fully occupied with each unit containing 2 bedrooms and 1.5 full bathrooms and large finished basement. These units offer two main floor bedrooms and one full bathroom, open living and kitchen area with dining, full garage, finished basement with brick fireplace and enough space for an additional non-conforming 3rd bedroom downstairs. The kitchen walks out to a deck and fully fenced back yard with cross fence dividing each unit. Package MLS #2509797 Each unit is currently occupied on year lease agreements with the duplex providing a gross annual income of $31,980 per year. Duplexes in this condition and location are rare to see on the open market as they continue to appreciate in value and are of high demand. The duplex is located within a mile from Hwy 50, Todd George Rd, and Hwy 291 offering convenient access to shopping, restaurants, schools and major roadways. The current lease details the tenant responsible for utilities and trash service, as well as lawn mowing, maintenance, and snow removal. There are no outstanding maintenance items, and all rents are paid and current. Don’t overlook this strong investment opportunity as it will not last long!