$305,000
SOLD JUL 15, 2022
Last list price

117 E Walnut St Drexel, MO 64742

-- Bed
-- Bath
3,840 Sq Ft
0.33 Acres

Recently Sold

$79 Per Sq Ft

98 Days on Market

About This Home

As of July 2022

Fantastic investment property, excellent condition and great location in the middle of town just blocks from school. Fourplex fully leased on one year agreements. Cash flowing with current rentals of $2,650 per month for an annual net operating income of more than $24,000. All four units are below market rent with potential to generate NOI of more than $30,000. Selling at a current cap rate of 8.2% with the potential to be nearly 10%!

Last Agent to Sell the Property

Daniel Robison

EXP Realty LLC License #2018041805 Listed on: 04/08/2022

EXP Realty LLC

Last Buyer's Agent

Serena Bales

KW KANSAS CITY METRO License #1744671

KW KANSAS CITY METRO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,083

Year Built

  • Built in 2005

Lot Details

  • 0.33 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • Heat Pump System
  • Back Up Gas Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 0466500

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Stuart Heights Subdivision

Building Details

  • Gross Income $32,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,083

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 16-20 Years
  • Legal Description: ORIG STUART CITY LOTS 13 & 14 BLK 9
  • Package: No
  • Year Built: 2005
  • 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: Daniel Robison
  • List Office Mls Id: EXP2
  • List Office Name: EXP Realty LLC
  • List Office Phone: 913-451-6767
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 8130
  • Special Documents Required: No
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer, Vinyl Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Central Electric, Heat Pump
  • Heating: Heatpump/Gas
  • Sewer: City/Public
  • Utilities: Ind Water Heaters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Schools

  • School District: Drexel

Lot Info

  • In Floodplain: No
  • Zoning: R1
  • Building Area Total: 3840.00
  • Lot Size Area: 14200.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 14200.00
  • Parcel Number: 0466500
  • Subdivision Name: Stuart Heights

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 32600
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Electricity, Maintenance, Property Insurance, Real Estate Tax, Water

Tax Info

  • Tax Abatement: No

MLS Schools

  • School District: Drexel

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jul 15, 2022
Sold by
117 East Walnut Drexel Llc
Bought by
Flaig Roy Gottlob and Flaig Rebecca
Seller's Agent
Daniel Robison
EXP Realty LLC
Buyer's Agent
Serena Bales
KW KANSAS CITY METRO
List Price
$305,000
Current Estimated Value
$372,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.86%

Purchase Details

Closed on
Jun 10, 2020
Sold by
Apprentice Network Llc
Bought by
117 East Walnut Drexel Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,600
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 12, 2012
Closed on
Jun 15, 2012
Sold by
Lead Bank
Bought by
Cobb William F and Cobb Carlotta D
Seller's Agent
Pam MacDougall
KC Vintage Realty LLC
Buyer's Agent
Pam MacDougall
KC Vintage Realty LLC
List Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.39%
Original Mortgage
$76,000
Interest Rate
3.86%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed -- Accurate Title
Quit Claim Deed -- Accurate Title
Special Warranty Deed -- Hight & Associates Land Titl
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $30,600 New Conventional
Previous Owner $76,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold -- -- --
07/15/2022 07/15/22 Pending -- -- --
06/26/2022 06/26/22 For Sale $305,000 0.0% $79 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $305,000 +154.2% $79 / Sq Ft
06/15/2012 06/15/12 Sold -- -- --
05/11/2012 05/11/12 Pending -- -- --
03/12/2012 03/12/12 For Sale $120,000 -- --
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
2024 $3,083 $42,730 $2,330 $40,400
2023 $3,069 $42,730 $2,330 $40,400
2022 $2,645 $37,690 $2,330 $35,360
2021 $2,488 $37,690 $2,330 $35,360
2020 $2,434 $37,030 $2,330 $34,700
2019 $2,383 $37,030 $2,330 $34,700
2018 $2,157 $33,010 $1,860 $31,150
2017 $2,037 $33,010 $1,860 $31,150
2016 $2,037 $31,150 $1,860 $29,290
2015 $2,056 $31,150 $1,860 $29,290
2014 $2,084 $31,150 $1,860 $29,290
2013 -- $31,150 $1,860 $29,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2374714

Heartland MLS

APN: 0466500