NOT LISTED FOR SALE

Estimated Value: $516,000

4 Beds
4 Baths
3,364 Sq Ft
1.3 Acres

Last Sold December 14, 2021

Current estimated payment $3,442/month

27 Days on Market

Highlights

  • 56,628 Sq Ft lot
  • Central Heating
  • Wood Siding
  • No HOA

About This Home

As of December 2021

Great opportunity with this unique 10 unit property! $5,850 / mo, in rents for only $395,000! 5 units under one roof and 5 more between 3 cottages and an up / down duplex. 1.3 acres in a high visibility area of Independence - just west of Truman Rd. and Sterling Ave. Several long term tenants (10+ yrs for one!) including one who is willing to do maintenance and upkeep projects. Newer rolled roof on the 5 unit building. New structural and plumbing improvements to the 5 unit building as well. Separate water and gas meters. Owner pays water. See financial details in supplements. Plenty of off street parking and yard space for tenants to enjoy. Seller open to financing if desired.

Last Agent to Sell the Property

Micah Thomas

Lutz Sales + Investments License #SP00238866 Listed on: 10/02/2021

Last Buyer's Agent

Mary Schwartz

KW KANSAS CITY METRO License #SP00239147

KW KANSAS CITY METRO

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1930

Lot Details

  • 1.3

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement

Parking

  • 16 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 27-110-21-07-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Gross Income $70,200

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,064

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 76-100 Years
  • Package: No
  • Year Built: 1930
  • Senior Community: No
  • Co List Office Mls Id: LOAG
  • Co List Office Name: LOCAL AGENT
  • Co List Office Phone: 888-378-5235
  • 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: Micah Thomas
  • List Office Mls Id: LOAG
  • List Office Name: LOCAL AGENT
  • List Office Phone: 888-378-5235
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 22290
  • Special Documents Required: No
  • Tax Total Amount: 2064
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition, Other
  • Construction Materials: Other, Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Other
  • Total Parking Spaces: 16

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central Gas, Other
  • Sewer: City/Public
  • Telecommunications: Cable - Available
  • Utilities: Separate Meters
  • Cooling: No
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Schools

  • School District: Independence

Lot Info

  • In Floodplain: Unknown
  • Zoning: multi
  • Lot Size Area: 1.30
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 56628.00
  • Parcel Number: 27-110-21-07-00-0-00-000

Rental Info

  • Existing Lease Terms: Month To Month

Building Info

  • Number of Units Total: 10

Multi Family

  • Gross Income: 70200
  • Current Occupancy Rate: Over 95%
  • Gross Multiplier: 5.60
  • Operating Expenses Include: Maintenance, Property Insurance, Real Estate Tax, Water

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2064.00

MLS Schools

  • School District: Independence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Dio Family Llc
Bought by
Ejei Investors Llc
Total Days on Market
27
Current Estimated Value
$516,000

Purchase Details

Listed on
Apr 7, 2013
Closed on
Jul 29, 2013
Sold by
Bokim Llc
Bought by
Ejei Investors Llc
Seller's Agent
Linda Tran
Platinum Realty LLC
Buyer's Agent
Mitch Straight
Exit Realty Professionals
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%
Original Mortgage
$120,000
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 2005
Sold by
Snow Jeffrey D and Snow Jacqueline
Bought by
Bokim Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.61%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Ejei Investors Llc -- First United Title Agcy Llc
Ejei Investors Llc -- First United Title Agency Ll
Bokim Llc -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dio Family Llc $315,000
Previous Owner Ejei Investors Llc $120,000
Previous Owner Bokim Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2021 12/14/21 Sold -- -- --
10/29/2021 10/29/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $395,000 0.0% $117 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
10/02/2021 10/02/21 For Sale $395,000 +163.3% $117 / Sq Ft
07/30/2013 07/30/13 Sold -- -- --
07/08/2013 07/08/13 Pending -- -- --
04/07/2013 04/07/13 For Sale $150,000 -- $45 / Sq Ft
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
2024 $6,539 $90,425 $30,701 $59,724
2023 $6,539 $90,424 $30,701 $59,723
2022 $5,286 $66,973 $22,736 $44,237
2021 $5,266 $66,973 $22,736 $44,237
2020 $2,064 $24,758 $22,736 $2,022
2019 $2,035 $24,758 $22,736 $2,022
2018 $1,818 $21,529 $19,771 $1,758
2017 $1,818 $21,529 $19,771 $1,758
2016 $1,463 $16,915 $15,205 $1,710
2014 $1,437 $16,915 $15,205 $1,710
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2348522

Heartland MLS

APN: 27-110-21-07-00-0-00-000