NOT LISTED FOR SALE

10116 E 70th Terrace Raytown, MO 64133

Raytown Area
-- Beds
-- Baths
4,828 Sq Ft
1 Acre Lot

Sale Details

Date Sold: December 22, 2020

8 Days on Market

Highlights

  • 43,560 Sq Ft lot
  • Storm Windows
  • On-Site Manager or Management
  • Detached Garage
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Multiple Offer Situation--- CALLING BEST & FINAL by 5:00pm tomorrow Friday 10/2/20.

Don’t miss out on this established, cash-flowing, multi-family investment property in Raytown. Great opportunity for 1st time or experienced investor to acquire multi-family at $50k/door. CAP RATE of 9.6% fully occupied. Opportunity to owner-occupy & let the tenants pay your mortgage! This 6-plex is composed of 1-2 bed 2 bath apartment with a basement garage and 5 studios with covered detached parking. Very well maintained property. Concrete and brick structure with very low maintenance. Property mgmt in place making this an easy transition for any buyer. Priced to sell, act fast as this one won’t last long! Central location close to all major highways

Last Agent to Sell the Property

Beth Passantino

KW KANSAS CITY METRO License #SP00238449 Listed on: 09/26/2020

KW KANSAS CITY METRO

Co-Listed By

Dante Passantino

KW KANSAS CITY METRO License #SP00238331

KW KANSAS CITY METRO

Last Buyer's Agent

Dante Passantino

KW KANSAS CITY METRO License #SP00238331

KW KANSAS CITY METRO
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,639

Year Built

  • Built in 1963

Lot Details

  • 1 Acre Lot
  • Fenced

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Storm Windows
  • Basement

Parking

  • Detached Garage
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Robinson Elementary School
  • Raytown South High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 45-620-10-27-00-0-00-000

Community Details

Overview

  • 6 Units
  • Loveland's Add Subdivision

Additional Features

  • Gross Income $37,033
  • On-Site Manager or Management

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,639

Year Built

Built in 1963

Lot Details

1 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 51-75 Years
  • Legal Description: Lot 5
  • Restrictions: Lease
  • Package: No
  • Year Built: 1963
  • Co List Office Mls Id: KW04
  • Co List Office Name: Keller Williams Key Partners
  • Co List Office Phone: 913-825-7500
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Beth Passantino
  • List Office Mls Id: KW04
  • List Office Name: Keller Williams Key Partners
  • List Office Phone: 913-825-7500
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 16674
  • Special Documents Required: No
  • Tax Total Amount: 3639
  • Unit Type: 1 Bedroom, 2 Bedroom, Efficiency, Manager Unit
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 1
  • Window Features: Storm Windows

Exterior Features

  • Exterior Features: Fenced Area
  • Roof: Composition
  • Construction Materials: All Brick
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage: Yes
  • Parking Features: Detached, Garage, Off Street

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: On-Site Mgmt

Lot Info

  • In Floodplain: No
  • Zoning: R-3
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 43560.00
  • Parcel Number: 45-620-10-27-00-0-00-000
  • Subdivision Name: Loveland's Add

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Income: 37033
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Other, Property Mgmt

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3639.00

MLS Schools

  • Elementary School: Robinson
  • School District: Raytown
  • High School: Raytown South

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2020
Closed on
Dec 14, 2020
Sold by
7536 Waldo Llc
Bought by
Seller's Agent
Beth Passantino
KW KANSAS CITY METRO
Buyer's Agent
Dante Passantino
KW KANSAS CITY METRO
List Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Outstanding Balance
$148,489
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 20, 2016
Sold by
Otiker Thomas E and Otiker Mary M
Bought by
6701 Overland Llc

Purchase Details

Closed on
Dec 28, 1999
Sold by
Hastings Betty N and Richards David Lee
Bought by
Otiker Thomas E and Otiker Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1998
Sold by
Hastings Betty N
Bought by
Hastings John J and Hastings Brenda
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Platinum Title Llc
6701 Overland Llc -- None Available
Otiker Thomas E $200,000 Coffelt Land Title
Hastings John J -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $170,000
Previous Owner Otiker Thomas E $160,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold -- -- --
10/04/2020 10/04/20 Pending -- -- --
09/26/2020 09/26/20 For Sale $299,000 -- $62 / Sq Ft
Source: Heartland MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,248 $57,793 $19,688 $38,105
2025 $5,322 $57,793 $19,688 $38,105
2024 $5,286 $58,995 $9,177 $49,818
2023 $5,286 $58,995 $9,177 $49,818
2022 $4,111 $43,700 $6,793 $36,907
2021 $4,125 $43,700 $6,793 $36,907
2020 $3,659 $38,391 $6,793 $31,598
2019 $3,639 $38,391 $6,793 $31,598
2018 $3,055 $33,383 $5,434 $27,949
2017 $3,055 $33,383 $5,434 $27,949
2016 $2,826 $31,056 $4,180 $26,876
2014 $2,857 $31,056 $4,180 $26,876
Source: Public Records

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Map

Source: Heartland MLS

MLS Number: 2245030

Heartland MLS
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