NOT LISTED FOR SALE

1208 Franklin Ave Lexington, MO 64067

Estimated Value: $79,000 - $266,000

4 Beds
2 Baths
3,335 Sq Ft
$47/Sq Ft Est. Value

Last Sold April 12, 2024

Current estimated payment $894/month

33 Days on Market

Highlights

  • No HOA
  • Central Air
  • Paved or Partially Paved Lot
  • Detached Garage

About This Home

As of April 2024

Come check out this 2 story duplex that is producing the 1% rule! Each unit has 2 bedrooms and 1 bath. This one is rented out and ready for a new owner!

Last Agent to Sell the Property

Kris Rezac

Platinum Realty LLC Brokerage Phone: 816-200-4177 License #1999128377 Listed on: 02/08/2024

Last Buyer's Agent

Samantha Calvert

Riverview Realty License #2016044998

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $580

Year Built

  • Built in 1925

Lot Details

  • 8,276 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • Detached Garage

Home Design

  • Duplex
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 3,335 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Built-In Electric Oven
  • Disposal

Schools

  • Leslie Bell Elementary School
  • Lexington High School

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 03-8.0-33-1-001-089.000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$580

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1925
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Kris Rezac
  • Listing Service: Full Service
  • List Office Mls Id: HMSGRSRE
  • List Office Name: Graham Salman Real Estate
  • List Office Phone: 816-536-1763
  • Mls Status: Sold
  • Operating Expense: 5163
  • Age Description: 76-100 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 580
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Major Repair Description: (In Its Present Condition #3)
  • Package: No
  • Attribution Contact: 816-200-4177
  • Special Features: None

Interior Features

  • Appliances: Disposal, Microwave, Refrigerator, Built-In Electric Oven
  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame
  • Road Surface Type: Paved
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Detached

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Security Features: Smoke Detector(s)
  • Water Source: Public
  • Telecom: Cable - Available

Association/Amenities

  • Association: No

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Fee Information

  • Deposit: Alliance Title

Schools

  • Middle/Junior School: Lexington
  • Junior High Dist: Lexington

Lot Info

  • Zoning: multi
  • Building Area Total: 3335
  • Lot Size Area: 0.19
  • Lot Dimensions: 8407
  • Lot Size Sq Ft: 8276.4
  • Parcel Number: 03-8.0-33-1-001-089.000
  • Subdivision Name: Other
  • ResoLotSizeUnits: Acres
  • In Flood Plain: No

Building Info

  • Number of Units Total: 2

Rental Info

  • Existing Lease Terms: Month To Month

Multi Family

  • Gross Income: 13200
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 580
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Leslie Bell
  • High School: Lexington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Apr 8, 2024
Sold by
Midwest Rental Acquisitions Ll
Bought by
Paul Clint W
Seller's Agent
Kris Rezac
Platinum Realty LLC
Buyer's Agent
Samantha Calvert
Riverview Realty
List Price
$110,000
Views
69
Current Estimated Value
$155,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.02%

Purchase Details

Closed on
Jul 25, 2022
Sold by
Shepherd and Alicia
Bought by
Midwest Rental Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2009
Sold by
Clark William T and Clark Janet L
Bought by
Kreie Kyle K and Kreie Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.9%
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
Paul Clint W -- None Listed On Document
Midwest Rental Acquisitions Llc $146,832 Plunk Smith Pllc
Kreie Kyle K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Midwest Rental Acquisitions Ll $550,000
Previous Owner Midwest Rental Acquisitions Ll $200,000
Previous Owner Midwest Rental Acquisitions Llc $110,400
Previous Owner Five Star Quality Homes Llc $45,000
Previous Owner Kreie Kyle K $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold -- -- --
03/13/2024 03/13/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $89,000 -10.1% $27 / Sq Ft
02/14/2024 02/14/24 Price Changed $99,000 -10.0% $30 / Sq Ft
02/08/2024 02/08/24 For Sale $110,000 -- $33 / 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 $582 $8,138 $0 $0
2023 $580 $8,138 $0 $0
2022 $446 $6,316 $0 $0
2021 $438 $6,316 $0 $0
2020 $438 $6,238 $0 $0
2019 $434 $6,238 $0 $0
2018 $433 $6,238 $0 $0
2017 $433 $6,238 $0 $0
2016 $465 $34,050 $8,190 $25,860
2012 -- $33,380 $8,190 $25,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2471840

Heartland MLS

APN: 03-8.0-33-1-001-089.000