515 NE Florence Ave Lees Summit, MO 64063
Property details
About 515 NE Florence Ave
Prime Duplex Investment Opportunity in Lee’s Summit – Owner-Occupant Option with Just 3.5% Down! Strong tenant demand in this well-located duplex in the heart of Lee’s Summit! Situated just off Chipman Road, this well-maintained two-unit property is surrounded by new shopping, dining, and top-rated schools in the Lee’s Summit School District. Each unit features a one-car garage, two spacious living areas (upstairs and downstairs), and a dedicated laundry area. Unit 515A has been fully remodeled with stainless steel appliances, updated countertops, brand-new flooring, modernized bathrooms, and fresh paint. This unit offers 3 bedrooms and 2 full baths, with an expected rent of $1,475/month. Unit 515B is a 3-bedroom, 1.5-bath unit with a long-term tenant (since 2015) on a month-to-month lease. It was last updated in 2015. Both units have separately metered utilities, with tenants covering all expenses. For investors, this is a turnkey property in an A-class submarket, while owner-occupants have a unique opportunity to purchase with as little as 3.5% down using FHA financing—live in one unit while renting out the other to offset your mortgage! Enjoy very low maintenance costs and high rental demand on this A class rental property which will appreciate nicely over time. Curious about the tax benefits that could be available to you as the new owner? Need help sourcing a lender well suited to financing this property? Reach out! Happy to help walk any investor through the process of acquiring cash flowing small multifamily rentals in Kansas City. Sorry, no seller financing available, please do not ask. Information deemed reliable but not guaranteed. Buyer and buyers agent responsible for verifying all information.
Highlights
Summary
- MLS Number: 2524728
- MLS Name: HMLS
- Office Name: Lutz Sales + Investments
- Office Phone: (913) 426-5576
- Listing Agent: Michelle Lutz
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Last updated on: 4/26/2025, 7:24:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$385,000
515 NE Florence Ave
$4,572
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
3
Lee's Summit Elementary School
Public District KG-5
0.6 mi
•110 SE Green St
3
Meadow Lane Elementary School
Public District KG-5
1.2 mi
•1421 NE Independence Ave
4
Westview Elementary School
Public District KG-5
1.5 mi
•200 NW Ward Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $26,912. Residents of Lees Summit, MO typically earn less than $<35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
NBA/WNBA
Where do the neighbors shop?
Burlington
Express/Express For Men
Stein Mart
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Starbucks
What do the neighbors drive?
Dodge
Pontiac
Buick
What do the neighbors listen to?
Urban Contemporary
Contemporary Inspirational
Rhythmic Contemporary Hits
This home is located at 515 NE Florence Ave in Lees Summit, MO and zip code 64063. Features: 0 bathroom. It has been listed on Rocket Homes since January 6, 2025 and is currently priced at $385,000.
In March 2025 in Lees Summit, MO there were 14.1% more homes for sale than in February. While the average time on the market in March 2025 was 120 days, the median list price was $419,530.