NOT LISTED FOR SALE

100 E Otway St Odessa, MO 64076

Estimated Value: $368,280 - $725,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold September 30, 2024

Current estimated payment $3,074/month

18 Days on Market

About This Home

As of September 2024

Discover this exceptional investment opportunity in Odessa, Missouri. This building has 6 units built in 2010. Each spacious unit offers 2 bedrooms and 1 bath, in unit laundry hookups and is all electric with individual furnace, central AC and water heater in each unit. Tenants pay all of their own utilites with the exception of water which is on one meter for the building. Off street parking is just outside the unit’s front door. Flooring is durable LVP and units feature modern spacious kitchens and bathrooms.High rental demand in Odessa keep occupancy low and ownership is a breeze with several optional 3rd party property management choices.

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 08/09/2024

Last Buyer's Agent

Non MLS

Non-MLS Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,246

Year Built

  • Built in 2010

Lot Details

  • 0.25

Home Design

  • Frame Construction
  • Composition Roof

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Additional Features

  • 2-Story Property
  • 10,890 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 14-7.0-36-4-002-086.020
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $29,520

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,246

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 2010
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 4992
  • Age Description: 11-15 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 10000.00
  • Major Repair Description: new roof 10k
  • Package: Optional
  • Attribution Contact: 913-426-5576
  • Special Features: None

Interior Features

  • Basement: No
  • Laundry Features: Inside
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 10

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Accurate Title

Schools

  • Junior High Dist: Odessa

Lot Info

  • Zoning: MF
  • Lot Size Sq Ft: 10890
  • Parcel Number: 14-7.0-36-4-002-086.020
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 6

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 29520
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 3246
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2025
Sold by
Aetius Investment Holdings Llc
Bought by
Dreamcatcher 215 Llc
Current Estimated Value
$533,320

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 30, 2024
Sold by
Odessa Capital Group Llc
Bought by
Aetius Investment Holdings Llc
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Non MLS
Non-MLS Office
List Price
$500,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.81%
Original Mortgage
$1,010,000
Interest Rate
6.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 16, 2021
Closed on
Nov 10, 2021
Sold by
Odessa 18 Llc
Bought by
Odessa Capital Group Llc
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Michelle Lutz
Lutz Sales + Investments
List Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.86%
Original Mortgage
$1,052,231
Interest Rate
3.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dreamcatcher 215 Llc -- First American Title
Aetius Investment Holdings Llc -- None Listed On Document
Odessa Capital Group Llc -- Misc Company
Odessa Capital Group Llc -- Misc Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aetius Investment Holdings Llc $1,010,000
Previous Owner Odessa Capital Group Llc $1,052,231
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold -- -- --
08/27/2024 08/27/24 Pending -- -- --
08/09/2024 08/09/24 For Sale $500,000 -58.3% --
11/12/2021 11/12/21 Sold -- -- -- View Prior Sale
09/17/2021 09/17/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $1,200,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,250 $48,946 $0 $0
2024 $3,250 $42,936 $0 $0
2023 $3,246 $42,936 $0 $0
2022 $3,212 $42,936 $0 $0
2021 $3,220 $42,936 $0 $0
2020 $3,220 $42,830 $0 $0
2019 $3,214 $42,830 $0 $0
2018 $2,957 $42,830 $0 $0
2017 $2,957 $42,830 $0 $0
2016 $2,704 $195,170 $11,140 $184,030
2012 -- $11,140 $11,140 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2504058

Heartland MLS

APN: 14-7.0-36-4-002-086.020