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 Lees Summits 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.

Property Features

Local Schools