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.
- Directions
- 291 N from 435 to Salisbury Rd, North on Jennings to Gilbert St. Right on Gilber to property on right end of cul=de-sac
- Subdivision
- Ric Mar
- City
- Independence
- County
- Jackson
- Property Type
- Residential Income / Duplex
- Listing Updated
- Jan 13, 2026 at 10:01pm
- MLS Number
- 2596278
- Property Tax
- $2,116
- Zoning
- $res
- Home Owners Association
- No
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