505 SE FLORENCE Street Lees Summit, MO $ 290,000
505 SE FLORENCE Street
$ 290,000
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505 SE FLORENCE Street

Lees Summit, MO, 64063
$ 290,000
Bedrooms2 Baths1.0

Monthly Estimate*

$ 2,003

505 SE FLORENCE Street, Lees Summit, MO 64063 - Image 1
505 SE FLORENCE Street, Lees Summit, MO 64063 - Image 2
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505 SE FLORENCE Street, Lees Summit, MO 64063 - Image 9

Multi-Family Home for sale in Lees Summit, MO

for $290,000 with 2 bedrooms and 1 full bath. This home was built in 1987 on a lot size of 0.2.

Exceptional investment opportunity! This fully occupied, single-level side-by-side duplex delivers immediate cash flow and strong long-term upside. Designed with spacious layouts and strong tenant appeal, each side features 2 generous bedrooms and 1 full bath, offering an expansive floor plan that sets it apart from typical rental inventory. Property Highlights: Turnkey Cash Flow: Both units are currently tenant-occupied, providing immediate rental income from day one. Thoughtfully Updated (Unit A): Underwent a stylish 2025 refresh, featuring modern Luxury Vinyl Plank (LVP) flooring in high-traffic main areas, fresh neutral paint throughout, and new carpet in the bedrooms. Spacious Living Spaces: Each unit boasts an oversized living room filled with natural light—perfect for relaxing or entertaining—along with large, comfortable bedrooms offering ample closet space. Single-Level Convenience: Low-maintenance ranch-style living layout appealing to a wide range of long-term tenants. Full Basement: Provides vast additional storage, utility spaces, and future potential for tenant amenities or value-add updates. Whether you are looking to expand your rental portfolio with a low-maintenance, high-performing asset or secure a solid long-term investment, this well-maintained property is a must-see. Photos provided are from Unit A prior to current tenant moving in.

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Multi-Family Active

Price

$ 290,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,900

Style

Lot Size

0.2

Year Built

1987

Town/City

Lees Summit

County/Region

Jackson

MLS | Web ID

2650687

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Electric
Utilities Multi-Unit Heat/Air
Roof Composition
Zoning DUPLEX
HOA Fee 0
Construction Materials Frame
Year Built 1987
Property Subtype Duplex
Assoc Fee Paid Per Annually
County Jackson
Property Type Residential Income
HOA N
Subdivision Name Higginbotham Acres
Garage Y/N N
Status Active
Directions From 291S turn right on 5th St and take 5th St to Florence and turn left. Property is on the left hand side.
High School Lee's Summit
City Lee's Summit
High School District Lee's Summit
Number Of Units Total 2
MLS Area 204 - Lee's Summit Area
Lot Size Units Acres
Lot Size Square Feet 8712
Listing Terms Cash Conventional
Middle/Junior High School Pleasant Lea
Public Remarks Exceptional investment opportunity! This fully occupied single-level side-by-side duplex delivers immediate cash flow and strong long-term upside. Designed with spacious layouts and strong tenant app
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN N
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Exterior
Parking Features Off Street
Water Source Public
Lot Size Area 0.2
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Interior
Total Stories 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Unit Type 2 Bedroom
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* Excluded Features
List By
Midwest Property Resources Llc

Broker

Affordability Calculator

$2,328
Per Month
86%
14%
0%
Monthly Principal & Interest
$2,003
Monthly Property Taxes
$325
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
652797 Elementary School
651259 Middle School
Lee's Summit High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2026$290,000 Listed Price

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505 SE FLORENCE Street, Lees Summit, MO, 64063 is a Multi-Family Home for sale at $290,000 with a lot size of 0.2. 505 SE FLORENCE Street has 2 bedrooms, 1.0 baths, and was built in 1987. The property's zip code is 64063 which is in Lees Summit, MO