Great opportunity with this unique 10 unit property! Easy potential for more than $7k / mo in rent. 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of the intersection at Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate electric meters for tenant paid utilities. Owner pays water. Plenty of off street parking and yard space for tenants to enjoy. Rents listed in financials are projected. Currently 7 of the 10 units are vacant due to owner discretion and being prepped for sale. The duplex also requires city permitting for the rebuild of the upper unit and comes with $25k credit from the city upon completion. This is an outstanding deal for any investor seeking forced appreciation by improving the property, while still enjoying steady income from the 3 cottages rented to long term tenants.
Carlisle, located between Noland Road and Sterling Avenue, is a residential and civic Independence neighborhood with mid-century ranch streetscapes and pocket parks. The neighborhood’s character concentrates around the Noland Road corridor near E 23rd Street, where auto-era storefronts, local diners, and everyday services set a steady, lived-in rhythm. Community touchstones include the National Frontier Trails Museum, the historic Independence Square, and the Bingham-Waggoner Estate. Housing reads as practical and low-slung, with mature trees and wide driveways shaping the blocks. Nearby trail segments and green space support walking loops and casual bike rides. The geography keeps daily errands oriented toward Noland Road while cultural outings point toward the Square.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Has basement
Bedrooms
Combination of 1-bedroom and 2-bedroom units (building contains 10 units total)
Laundry & utility
Separate meters for utilities
Heating & cooling
Natural gas heating
Window air conditioning units
Exterior features
Approximately 1.3-acre lot
Not in a flood plain
Cable available
Home design
Residential income property (apartment)
Two-story building
Zoned for multi-family
Parking
Off-street parking for about 16 vehicles
Additional unspecified parking
Construction
Wood siding and other exterior materials
Composition (shingle) roof and other roof types
Originally built approximately 76–100 years ago
Utilities
Public water
Public sewer
Cable available
Separate meters for each unit
HOA & community
No association fees
Financial info
Operating expenses include maintenance, insurance, real estate tax, and water/sewer
Gross income reported at $70,200
Building currently under 80% occupied
Other
Total of 10 units: four 2-bedroom units and six 1-bedroom units
Maintenance not provided
Property marketed by Standard Real Estate
Electricity and solar
View estimated energy costs and solar savings for this home
Great opportunity with this unique 10 unit property! $5,850 / mo, in rents for only $395,000! 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep projects. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate water and gas meters. Owner pays water. See financial details in supplements. Plenty of off street parking and yard space for tenants to enjoy. Seller open to financing if desired.
Heartland MLS as Distributed by MLS Grid #2252005
Mar 20, 2021
Pending
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Mar 19, 2021
Listing Removed
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Jan 25, 2021
Relisted
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Jan 9, 2021
Pending
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Dec 31, 2020
Relisted
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Dec 16, 2020
Pending
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Nov 24, 2020
Relisted
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Nov 17, 2020
Contingent
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Nov 10, 2020
Listed
$375,000
Heartland MLS as Distributed by MLS Grid #2176148
Aug 17, 2019
Listing Removed
—
Jul 15, 2019
Pending
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Jul 9, 2019
Listed
$350,000
Heartland MLS as Distributed by MLS Grid #2144221
Apr 16, 2019
Listing Removed
—
Mar 27, 2019
Relisted
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Mar 9, 2019
Listing Removed
—
Jan 11, 2019
Listed
$350,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Condo/Co-op
County
Jackson County
APN
27-110-21-07-00-0-00-000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jan 12, 2019.
C-2
General Commercial District
The C-2 district is primarily intended to accommodate community- and region-serving retail sales and service uses.
Permitted uses
Include but are not limited to:
Laundromat
General retail
Restaurant
Tavern / bar / nightclub / micro-Brewery
Housing-Senior
Hotel / motel
Mixed use
Office
Medical office
Public service
Historical weather
Independence, MO • 64052
Average low and high temperatures (°F)
37
19
48
27
65
41
69
50
75
55
84
67
88
72
85
67
82
62
74
53
56
39
46
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
42/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
4.7 hrs
1.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 10906 E Truman Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More