Two-Unit Duplex
1601 SW Sunset St Blue Springs, MO 64015
1601 SW Sunset St, Blue Springs, MO, 64015
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For Sale
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Duplex with two 3-bedroom units, finished basements, attached two-car garages, and recent roof and window replacements.
Property Size2,600 SF
Price / SF$144.23
Days on Market94
Property Features for 1601 SW Sunset St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing agency
Lutz Sales + Investments
(913) 426-5576
Listed by
Michelle Lutz · License #00239672
Source
Crexi
Added: Apr 20 Updated: Jul 21 at 10:27PM Checked: Jul 21 at 10:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lutz Sales + Investments
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, each configured with three bedrooms and 1.5 bathrooms. Both units include finished basements and attached two-car garages. Capital improvements include a roof replacement in 2021 and window replacements in 2020.
The property is currently occupied, generating monthly rent of $1,200 and $1,400 per unit. The remarks indicate market rents of approximately $1,595. Located in Blue Springs with convenient I-70/I-470 access, the area is described as close to St. Mary’s Medical Center, Lake Jacomo, Fleming Park, and Burr Oak Woods Conservation Area.
With most major capital expenses already completed, the stated opportunity is primarily cosmetic renovations to support potential rental increases.
The property is currently occupied, generating monthly rent of $1,200 and $1,400 per unit. The remarks indicate market rents of approximately $1,595. Located in Blue Springs with convenient I-70/I-470 access, the area is described as close to St. Mary’s Medical Center, Lake Jacomo, Fleming Park, and Burr Oak Woods Conservation Area.
With most major capital expenses already completed, the stated opportunity is primarily cosmetic renovations to support potential rental increases.
Key Highlights
- Duplex built in 1972 with two 3‑bedroom units and 1.5 bathrooms each
- Roof replaced in 2021 and windows replaced in 2020
- Both units currently occupied: $1,200/month and $1,400/month (market rents about $1,595)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $15.36 |
| − Vacancy | −$2.8k | −$1.09 |
| EGI | $37.1k | $14.27 |
| − OpEx | −$11.1k | −$4.28 |
| NOI | $26.0k | $9.99 |
2,600 SF · lease $15.36/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$370.9K
$324.6K – $432.8K
NOI $25,965 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$342.4K
$299.6K – $399.5K
NOI $23,968 @ 7.0% cap · market cap 6.39%
Theoretical Best
Warehouse
$683.8K
$598.3K – $797.8K
NOI $47,867 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with two 3-bedroom units, finished basements, attached two-car garages, and recent roof and window replacements.
Where is this duplex located?
The property is located at 1601 SW Sunset St Blue Springs, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex built in 1972 with two 3‑bedroom units and 1.5 bathrooms each; Roof replaced in 2021 and windows replaced in 2020; Both units currently occupied: $1,200/month and $1,400/month (market rents about $1,595)
