NOT LISTED FOR SALE

1313 S Franklin Ave Independence, MO 64052

Fairland Heights Neighborhood

Estimated Value: $161,000 - $183,000

6 Beds
2 Baths
1,308 Sq Ft
$133/Sq Ft Est. Value

Last Sold January 27, 2022

Current estimated payment $1,100/month

1 Day on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of January 2022

Nicely maintained duplex in a neighborhood blending duplexes and well kept single family homes. One side currently vacant for showing, but the other renting at $955 / mo with owner paying utilities around $200. All together with the vacant side filled it's a 10% cap rate and near 25% cash on cash assuming 25% down. Lots of potential for additional income with bonus non-conforming 3rd bedroom in basement on each side - plus additional finishable space for family room or hobby room. Walkout basement to nice sized back yard! 2 year old roof and gutters and all brick exterior means no big ticket items needed. Concrete foundation in great shape. Walk into cash flow from day one - whether you place a tenant in 1313 or move in and live there yourself. See pro forma in supplements. Proximal to Van Horn High School, easy access to Truman Road heading west to 435 is a breeze or east into downtown Independence. Come check it out!

Last Agent to Sell the Property

Micah Thomas

Standard Real Estate License #SP00238866 Listed on: 11/18/2021

Last Buyer's Agent

Ken Hoover Group

Keller Williams KC North

Keller Williams KC North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,211

Year Built

  • Built in 1959

Lot Details

  • 8,227 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Frame
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Basement
  • Laundry in Basement

Schools

  • Korte Elementary School
  • Van Horn High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 27-240-02-12-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Evanston Resurvey Subdivision

Building Details

  • Gross Income $11,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,211

Year Built

Built in 1959

Lot Details

8,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Age Description: 51-75 Years
  • Legal Description: EVANSTON RESURVEY S 37.5' LOT 66 & N 27.5' LOT 67
  • Package: No
  • Year Built: 1959
  • 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: 3339
  • Special Documents Required: No
  • Tax Total Amount: 1211
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: In The Basement
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: No
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt
  • Association Fee Frequency: None

Association/Amenities

  • Association: No

Schools

  • Middle/Junior School: Nowlin

Lot Info

  • In Floodplain: Unknown
  • Zoning: R-12
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 8227.00
  • Parcel Number: 27-240-02-12-00-0-00-000
  • Subdivision Name: Evanston Resurvey

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 2

Multi Family

  • Gross Income: 11460
  • Current Occupancy Rate: Under 80%
  • Operating Expenses Include: Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 1211.00

MLS Schools

  • Elementary School: Korte
  • School District: Independence
  • High School: Van Horn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Dec 23, 2021
Sold by
Franklin Duplex Llc
Bought by
Trotter Warner
Seller's Agent
Micah Thomas
Standard Real Estate
Buyer's Agent
Ken Hoover Group
Keller Williams KC North
List Price
$139,000
Current Estimated Value
$173,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.94%

Purchase Details

Closed on
Oct 29, 2014
Sold by
Patriot Homes Llc
Bought by
Franklin Duplex Llc

Purchase Details

Closed on
Jul 1, 2013
Sold by
Frontside Properties Llc
Bought by
Patriot Homes Llc

Purchase Details

Listed on
Jan 8, 2013
Closed on
Jun 1, 2013
Sold by
Kc Capital Llc
Bought by
Frontside Properties Llc
Seller's Agent
Harold Jeans
D M F & Associates LLC
Buyer's Agent
Brett Miller
Chartwell Realty LLC
List Price
$39,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.77%

Purchase Details

Closed on
Nov 13, 2012
Sold by
Pettlet David C
Bought by
Navy Federal Credit Union

Purchase Details

Closed on
Sep 5, 2007
Sold by
Us Bank Na
Bought by
Pettet David C

Purchase Details

Closed on
May 3, 2000
Sold by
Vicki K Peterson Francis Russell
Bought by
Querrey Steven J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,060
Interest Rate
8.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 1997
Sold by
Hodges Billy J W and Hodges Patricia A
Bought by
Peterson Francis Russell and Peterson Vicki K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.33%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trotter Warner -- Platinum Title
Trotter Warner -- Platinum Title
Franklin Duplex Llc -- None Available
Patriot Homes Llc -- None Available
Frontside Properties Llc -- None Available
Navy Federal Credit Union $40,020 None Available
Pettet David C $63,000 Chicago Title
Querrey Steven J -- Realty Title Company
Peterson Francis Russell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Querrey Steven J $55,060
Previous Owner Peterson Francis Russell $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2022 01/27/22 Sold -- -- --
11/18/2021 11/18/21 For Sale $139,000 +248.4% $106 / Sq Ft
04/17/2013 04/17/13 Sold -- -- -- View Prior Sale
04/03/2013 04/03/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $39,900 -- $31 / Sq Ft
Source: Heartland MLS

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 $2,454 $21,107 $3,078 $18,029
2024 $2,454 $34,417 $5,054 $29,363
2023 $2,394 $34,417 $3,247 $31,170
2022 $1,216 $15,960 $2,052 $13,908
2021 $1,211 $15,960 $2,052 $13,908
2020 $1,089 $13,968 $2,052 $11,916
2019 $1,073 $13,968 $2,052 $11,916
2018 $1,092 $13,817 $1,347 $12,470
2017 $1,090 $13,817 $1,347 $12,470
2016 $1,090 $13,471 $1,710 $11,761
2014 $1,067 $13,471 $1,710 $11,761
Source: Public Records

Agents Affiliated with this Home

  • Ken Hoover Group

    Seller's Agent in 2025

    Ken Hoover Group

    Keller Williams KC North

    (816) 210-2027

    2 in this area

    562 Total Sales

    Ken Hoover Group
    Section Image
  • Terry Mack

    Seller Co-Listing Agent in 2025

    Terry Mack

    Keller Williams KC North

    (816) 337-2533

    17 Total Sales

    Terry Mack
    Section Image
  • Micah Thomas

    Seller's Agent in 2022

    Micah Thomas

    Standard Real Estate

    (913) 594-9333

    1 in this area

    346 Total Sales

    Micah Thomas
    Section Image
  • Harold Jeans

    Seller's Agent in 2013

    Harold Jeans

    D M F & Associates LLC

    (816) 517-4012

    79 Total Sales

    Harold Jeans
    Section Image

  • B

    Buyer's Agent in 2013

    Brett Miller

    Chartwell Realty LLC

See All Agents

Map

Source: Heartland MLS

MLS Number: 2355772

Heartland MLS

APN: 27-240-02-12-00-0-00-000

Missouri Jackson County Independence 64052 Fairland Heights

1313 S Franklin Ave, Independence, MO

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Heartland MLS Based on information submitted to the MLS Grid. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
Based on information submitted to the MLS GRID.

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