18872 Wigwam Drive is a single-story duplex in the Far View Gardens subdivision of Independence, MO, listed at $230,000 by Nelson Home Group at Keller Williams KC North. It has two units, each with 2 bedrooms and 1 bath. Both units are leased at $995 a month, for $1,990 in combined monthly rent. Each unit has a private entrance and separate utility meters, and one side was fully renovated at its last turnover.

Far View Gardens Duplexes for Sale | Two Leased Units, $1,990 a Month, Long-Term Value in Independence, Jackson County

The numbers on 18872 Wigwam Drive are already working. Both sides of this single-story duplex are leased on one-year terms at $995 a month each, which puts $1,990 a month, or $23,880 a year, on the books from the day you close. At the $230,000 list price, that’s about 9.6 times gross annual rent. Annual county taxes are $1,558.

The two units mirror each other. Each has 2 bedrooms, 1 full bath, and roughly 780 square feet, and the living room opens directly into an eat-in kitchen. Each side has its own entrance and its own utility meters, so tenants pay their own bills and nobody shares a hallway.

The 18874 side just came through a full turnover. It has fresh paint throughout, new LVP and carpet, a new stove and refrigerator, an updated counter and sink, a new bathroom vanity and cabinet, new blinds, new locks, and new smoke and CO detectors. That side shouldn’t need much money anytime soon.

The building itself is low-maintenance. It sits on a slab with no basement to waterproof. It has a composition roof and board-and-batten siding, forced-air gas heat, and central electric air. A wide concrete drive provides off-street parking out front.

The property works two ways. You can hold it as a rental with established leases already in place. Or, when a lease ends, you can move into one side and let the other side’s rent go toward the payment.

Wigwam Drive runs through Far View Gardens, a pocket of single-story duplexes in east Independence, most of them built in the early 1970s. That helps when you’re checking rents and resale, because the comparable properties are right down the street. US-24 is a few minutes away, with I-435 and the rest of the metro beyond it, and Kauffman Stadium is roughly 18 minutes by car. The property is in the Fort Osage R-I School District, which carries an overall Niche grade of B-. The lot is .21 acres, and there is no HOA.

Property Highlights

• Duplex: two units, each 2 bed / 1 bath (4 bed / 2 bath total)
• Both units leased at $995/month ($1,990/month; $23,880/year)
• One-year leases in place, off-site management
• Unit 18874 fully turned over: paint, LVP/carpet, stove, fridge, counter, sink, vanity, blinds, locks, smoke/CO detectors
• Private entrance for each unit
• Separate utility meters
• Forced-air gas heat, central electric air
• Single story, no basement, composition roof
• Off-street parking
• About 1,560 sq ft total finished
• 0.21-acre lot
• Fort Osage R-I School District (Osage Trail Middle, Fort Osage High)
• Quick access to US-24 and I-435; roughly 18 minutes to Kauffman Stadium
• Annual taxes $1,558; no HOA

Explore More Independence Real Estate

More Far View Gardens duplexes for sale and nearby Independence listings from Nelson Home Group KC:

• Independence, MO Real Estate: Market Data, Homes, Experts
• Success Story: Selling a Renovated Investment Property for Top Dollar in Independence
• SOLD: 15801 E 2nd Street S, Three Trails, Independence, MO
• Osage Springs Homes for Sale, Buckner, MO (Fort Osage R-I School District)

Marketed by Shy Sorden · Nelson Home Group at Keller Williams KC North · 816-680-6624
Keller Williams KC North · 816-452-4200