NOT LISTED FOR SALE

11413 E Lexington Ave Sugar Creek, MO 64054

Estimated Value: $151,000 - $241,000

7 Beds
3 Baths
1,788 Sq Ft
$117/Sq Ft Est. Value

Last Sold September 07, 2016

Current estimated payment $1,205/month

279 Days on Market

About This Home

As of September 2016

Investor's special! Great cap rate at 24%. Owner needs to sell due to wife’s health. Long time tenant in one unit, faithful tenant in the other leaving one more unit for investor to fill with great return. Vacant unit needs rehabbed but major items on the entire building do not need attention. Newer HVAC and roof. Don’t pass up this opportunity for $1400+ a month cash flow!

Last Agent to Sell the Property

Michael Hern

Keller Williams Platinum Prtnr License #2001025691 Listed on: 10/22/2015

Keller Williams Platinum Prtnr

Co-Listed By

James Hern

Keller Williams Platinum Prtnr License #1999105956

Last Buyer's Agent

Brad Middlemas

Keller Williams Southland License #2003008931

Keller Williams Southland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,190

Year Built

  • Built in 1959

Lot Details

  • 0.27

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,788 Sq Ft Home
  • 2-Story Property
  • Basement

Parking

  • Garage
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 14-740-15-42-00-0-00-000

Community Details

Overview

  • 3 Units
  • Bene Acres Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $1,435

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,190

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Age Description: 51-75 Years
  • Legal Description: BENE' ACRES LOT 5 & ADJ PT IN SEC-33 TWP-50 RNG-32 DAF: BEG SE COR SD LOT 5 TH S 12' TO NE COR LOT 1 STERLING ESTATES TH W 21' TH S 45 DEG W 30' TH N 51 DEG W 52.71' TO S LI LOT 4 BENE'
  • Package: No
  • Year Built: 1959
  • Senior Community: No
  • Co List Office Mls Id: KW02
  • Co List Office Name: Keller Williams Platinum Prtnr
  • Co List Office Phone: 816-525-7000
  • Down Payment Deprecated: No
  • 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: Michael Hern
  • List Office Mls Id: KW02
  • List Office Name: Keller Williams Platinum Prtnr
  • List Office Phone: 816-525-7000
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 2625
  • Special Documents Required: No
  • Tax Total Amount: 1190
  • Unit Type: 1 Bedroom, 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Block, Frame

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Independence

Lot Info

  • In Floodplain: No
  • Zoning: Res
  • Building Area Total: 1788.00
  • Parcel Number: 14-740-15-42-00-0-00-000
  • Subdivision Name: Bene Acres

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month
  • Pets Allowed: Yes

Building Info

  • Number of Units Total: 3

Multi Family

  • Gross Income: 1435
  • Current Occupancy Rate: 90-95%
  • Gross Multiplier: 999.00
  • Operating Expenses Include: Personal Prop Tax, Property Insurance

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1190.00

MLS Schools

  • School District: Independence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2015
Closed on
Aug 24, 2016
Sold by
Cole Charles W and Cole Patricia Ann
Bought by
Ajs Property Management Llc
Seller's Agent
Michael Hern
Keller Williams Platinum Prtnr
Buyer's Agent
Brad Middlemas
Keller Williams Southland
List Price
$70,000
Current Estimated Value
$210,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.14%
Original Mortgage
$41,855
Outstanding Balance
$33,341
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$176,659

Purchase Details

Closed on
Jul 19, 2011
Sold by
Cole Charles W and Cole Patricia Anne
Bought by
Charles W & Patricia Anne Cole Revocable
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
Ajs Property Management Llc -- Continental Title
Charles W & Patricia Anne Cole Revocable -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ajs Property Management Llc $41,855
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2016 09/07/16 Sold -- -- --
07/27/2016 07/27/16 Pending -- -- --
10/22/2015 10/22/15 For Sale $70,000 -- $39 / 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
2025 $1,232 $9,250 $4,302 $4,948
2024 $1,195 $16,559 $5,497 $11,062
2023 $1,195 $16,559 $8,457 $8,102
2022 $1,259 $15,770 $2,898 $12,872
2021 $1,253 $15,770 $2,898 $12,872
2020 $1,129 $13,909 $2,898 $11,011
2019 $1,117 $13,909 $2,898 $11,011
2018 $862 $10,450 $1,436 $9,014
2017 $1,221 $14,733 $1,436 $13,297
2016 $1,221 $14,364 $1,520 $12,844
2014 $1,194 $14,364 $1,520 $12,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1963610

Heartland MLS

APN: 14-740-15-42-00-0-00-000