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11601 E US Highway 24
Independence MO 64054 US

$1,199,000

Active Listing ID 2597237
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Lot: 0.77 Acres
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Other

$1,199,000

Active Listing ID 2597237
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11601 E US Highway 24 Strong income-producing rental property with low property taxes and long-term tenants. CAP Rate is at 11.5% at current listing price. Owner is willing to stay on for two months after the sale to help with the transition. Approximately one-third of tenants are voucher holders, eligible for rental increases, providing immediate value-add potential. Stable cash flow with upside opportunity. Property is back on the market due to previous buyers financing terms not coming back as he had hoped. Inspections never took place. Updated rent roll as of 2/5/26 uploaded. Current rent just under $22k/monthly. Listing agent is part owner. Both sellers are active real estate agents.

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Property Features

  • Facts
  • Lot Size: 0.77 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s)
  • Roof Type: Composition
  • Heating Fuels: Natural Gas

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1199000
  • unparsedaddress: 11601 E US Highway 24
  • postalcity: Independence
  • stateorprovince: MO
  • country: US
  • postalcode: 64054
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.769
  • lotsizeunits: Acres
  • lotsizearea: 0.769
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.101887
  • longitude: -94.43844
  • listagentfullname: Stephanie Sparks
  • listagentemail: stephaniesparkskc@gmail.com
  • listagentkey: 3yd-HMLSKS-413598434
  • listagentmlsid: 413598434
  • listagentpreferredphone: 4176891559
  • listagentofficephone: 8882200988
  • listofficekey: 3yd-HMLSKS-PRKC
  • listofficemlsid: PRKC
  • disclaimer: Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HMLSKS
  • yearbuilt: 1940
  • listingcontractdate: 2026-01-20
  • listagentfax: 8882200989
  • listagenturl: http://www.movewithplatinum.com
  • countyorparish: Jackson
  • parcelnumber: 26-320-05-04-00-0-00-000
  • elementaryschooldistrict: Independence
  • middleorjuniorschooldistrict: Independence
  • highschooldistrict: Independence
  • cooling: Window Unit(s)
  • constructionmaterials: Board & Batten Siding, Brick/Mortar
  • heating: Natural Gas
  • numberofunitstotal: 19
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -94.43844, 39.101887
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Platinum Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"stephaniesparkskc@gmail.com", "ListBrokerageCity":"Overland Park", "ListBrokerageCountry":"US", "ListBrokerageEmail":"dperkins@movewithplatinum.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/HMLSKS/0f851df17dcf11e1ac36123138048d21/20160824130356161.png", "ListBrokerageName":"Platinum Realty", "ListBrokeragePhone":"(913) 227-0798", "ListBrokeragePostalCode":"66210", "ListBrokerageStateOrProvince":"KS", "ListBrokerageUnitNumber":"Suite 170", "ListBrokerageUnparsedAddress":"9393 W 110th St", "ListBrokerageWebsiteUrl":"http://www.movewithplatinum.com", "ListOfficeAddress1":"9393 West 110th St Suite 170 ", "ListOfficeAddress2":"Suite 170", "ListOfficeBrokerMlsId":"PRKC", "ListOfficeCity":"Overland Park", "ListOfficeCountry":"USA", "ListOfficeEmail":"shelbyaustin@movewithplatinum.com", "ListOfficePostalCode":"66210", "ListOfficeStateOrProvince":"KS", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Independence, MO", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/11601-E-US-Highway-24_Independence_MO_64054_M76664-48711?f=listhub&s=HMLSKS&m=2597237&c=rexren", "MLSModificationTimestamp":"2026-03-16 12:55:10", "Neighborhoods":[{"Description":null, "Name":"206 - Independence Area"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3987, "TaxDescription":"RNG-32 TWP-49 SEC-03 PT OF NW NW DAF: BEG 40' S & 582' E OF NW COR TH E 200' TH S 185' TH W 200' TH N 185' TO POB", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/16/2026 1:46:31 PM GMT
Source Updated Date: 3/21/2026 7:03:46 PM GMT

Courtesy of: Stephanie Sparks, Platinum Realty LLC, stephaniesparkskc@gmail.com

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.