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8622 Lane AVE Raytown, MO 64138
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Key Details
Sold Price $427,600
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Lane At 87 St Apts
MLS Listing ID 2614798
Sold Date 04/16/26
Year Built 1981
Annual Tax Amount $4,426
Lot Size 9,745 Sqft
Acres 0.22371441
Property Sub-Type Quadruplex
Source hmls
Property Description
Don't miss this 1980s-built fourplex featuring four identical 2 Bed/1 Bath units, each with in-unit laundry. The property is sub-metered for gas and electric (water is master-metered) and offers convenient on-site surface parking. Priced attractively per door for being 1980s construction, the investment is currently supported by market rents of $1,000 per month with existing finishes. Significant upside exists through higher-end upgrades. This is a clean, income-producing multifamily asset with strong tenant appeal and excellent growth potential.
Location
State MO
County Jackson
Zoning RES
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Laundry Inside
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Stucco
Schools
School District Raytown
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
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