$400,000
$400,000
For more information regarding the value of a property, please contact us for a free consultation.
442 SW Brummel RD Lee's Summit, MO 64081
2 Beds
3 Baths
1,479 SqFt
Key Details
Sold Price $400,000
Property Type Multi-Family
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,479 sqft
Price per Sqft $270
Subdivision Village At New Longview
MLS Listing ID 2472973
Sold Date 04/17/26
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Fees $240/mo
Lot Size 1,832 Sqft
Acres 0.042056933
Property Sub-Type Townhouse
Source hmls
Property Description
Turnkey investment opportunity in the highly desirable Village at New Longview. This property is fully leased and currently generating $2,620 per month ($31,440 annually) in rental income, providing immediate cash flow from day one. Priced at $400,000, the property offers an estimated ~6% cap rate based on projected expenses. The HOA covers exterior maintenance, roof, exterior paint, and building insurance, significantly reducing owner responsibility and minimizing exposure to major capital expenditures. Located in one of Lee's Summit's premier low-maintenance communities with strong rental demand, this property presents an excellent opportunity for investors seeking stabilized income, limited exterior obligations, and long-term appreciation potential. With a tenant already in place and predictable operating costs, this is a clean, straightforward addition to any investment portfolio.
Location
State MO
County Jackson
Rooms
Basement Full, Inside Entrance, Stubbed for Bath
Interior
Heating Natural Gas
Cooling Electric
Fireplace Y
Exterior
Parking Features true
Garage Spaces 2.0
Amenities Available Pool
Roof Type Composition
Building
Entry Level 2 Stories
Sewer Public Sewer
Water Public
Structure Type Lap Siding
Schools
Elementary Schools Longview Farms
Middle Schools Pleasant Lea
High Schools Lee'S Summit West
School District Lee'S Summit
Others
HOA Fee Include Building Maint,Curbside Recycle,Lawn Service,Maintenance Free,Parking,Insurance,Roof Repair,Roof Replace,Snow Removal,Trash
Ownership Private
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Nearby Locations
GET MORE INFORMATION

Team Leader - Agent | License ID: 2019032997/CO90084900
+1(816) 560-5620 | michaelgreen52@yahoo.com






