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$999,000
Multi Family 14 Bedrooms 11 Full Bathrooms 2 Half Bathrooms 5 Units Interior: 7,800 sqft Lot: 18,822 sqft Year Built: 1995 MLS #: 2641622
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412 SW Joy Court
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Presented by Kalene Bagwell |
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Investor’s Dream Package – Strong Cap Rates and Low MaintenanceExceptional Investment Opportunity in Blue Springs, MO Presenting a rare chance to acquire a five‑unit portfolio consisting of one single‑family home and two spacious duplexes — all fully leased through 2027. Each property has been meticulously maintained with recent updates including new roofs, flooring, carpet, and interior paint. Located just one minute from Highway 7 and Highway 40, these homes offer unbeatable convenience near grocery stores, restaurants, schools, childcare, and community amenities. 403 SW Joy Court features a 2‑bedroom, 1‑bath layout with garage and modern finishes. 406–408 SW Joy Court and 412–414 SW Joy Court are large duplexes totaling six bedrooms each, with multiple garages and updated interiors. Combined, the portfolio generates approximately $92,100 in annual rent with a blended cap rate around 7.0-7.8 %, making this an ideal 1031 exchange candidate or addition to any investor’s portfolio. Highlights: 100 % occupancy through 2027 New roof (2020) and recent interior updates (2024–2026) Strong tenant history – no Section 8 leases Convenient location near Blue Springs South High School and local shopping      See all 36 large pictures in the photos gallery Location
Frequently Asked QuestionsIs this Blue Springs multifamily portfolio eligible for a 1031 tax-deferred exchange?Yes, as an active income-generating residential real estate portfolio held for investment, this five-unit package qualifies as replacement property for a like-kind 1031 exchange, offering immediate day-one passive cash flow with long-term locked leases. What is the portfolio composition of 412 SW Joy Court in Blue Springs, MO?This portfolio consists of five total units spanning three contiguous properties on SW Joy Court: one detached single-family home (403 SW Joy Ct) with 2 bedrooms and 1 bath, and two full duplexes (406–408 SW Joy Ct and 412–414 SW Joy Ct) offering 6 bedrooms each across two units, totaling 14 bedrooms, 11 full baths, and 2 partial baths across 7,800 square feet. What is the current lease status and occupancy rate for this multifamily portfolio?The portfolio is 100% occupied with active leases secured through early-to-mid 2027. The properties boast an established rental history with exceptional tenant retention, including one resident who has occupied their home for 17 years. Who is responsible for utilities and property maintenance on SW Joy Court?All leases are structured such that tenants pay 100% of their utilities, including electric, gas, water, and sewer services. Furthermore, residents are contractually responsible for their own routine lawn care and yard maintenance, keeping operating overhead and owner management obligations minimal. What are the annual gross rental income and cap rate metrics for this investment?The portfolio currently produces an actual gross annual rental income of approximately $92,100, with market rents supporting upwards of $98,916 annually. Based on current annual operating expenses of approximately $14,000 to $14,800 (taxes and insurance), the property trades at a blended capitalization rate of approximately 7.08% at market adjustment. What major capital improvements and updates have recently been completed on the units?Recent capital investments include a new roof installed on 403 SW Joy Court in 2023, fresh exterior repainting completed on 412–414 SW Joy Court in 2025, and interior updates spanning 2024 through 2026 that include newer flooring, fresh carpeting, and interior paint across multiple residences. Can the individual parcels or duplexes in this portfolio be sold separately in the future?Yes, because the portfolio comprises individual legal parcels (one single-family home and two duplex buildings), an investor retains the strategic flexibility to hold the properties as a unified compound or subsequently subdivide and sell them individually at retail residential price points to maximize per-door valuation. How accessible is the location for commuters traveling throughout the Kansas City metro?The property is located one minute from both Missouri State Highway 7 and US Highway 40, and approximately three miles south of Interstate 70. This provides convenient highway transit to Downtown Kansas City in approximately 25 to 30 minutes, as well as easy access to Lee's Summit and Independence. What retail and recreational amenities are located near SW Joy Court in Blue Springs?The neighborhood is within a five-minute drive of major retail corridors along Highway 7 featuring Price Chopper, Hy-Vee, ALDI, and pharmacy centers. Outdoor recreation is available minutes away at Jackson County's Lake Jacomo and Fleming Park, as well as Rotary Park and the Blue Springs Fieldhouse. What parking facilities are included with each residential unit on Joy Court?Every property in the portfolio features built-in garage parking. 403 SW Joy Court includes a private attached garage, while the duplexes at 406–408 and 412–414 SW Joy Court each feature dedicated two-car built-in garages for each side, complemented by private paved concrete driveways for additional off-street parking. |
