NOT LISTED FOR SALE

Estimated Value: $250,873 - $2,274,000

4 Beds
4 Baths
1,920 Sq Ft
$593/Sq Ft Est. Value

Last Sold May 30, 2024

Current estimated payment $6,349/month

153 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of May 2024

HUGE PRICE IMPROVEMENT! Don't miss your chance to get this package deal of 9 duplexes (18 units) all on the same block. Duplexes have been held by the same owner for over 40 years and have been professionally managed and maintained. Units are all 2 bedrooms on the main floor with finished lower levels (several could be 3 bedrooms), a one or two-car garage, living room, kitchen and laundry room. Units range from 1179-1380 sq ft. Duplexes are brick exteriors on three sides for low maintenance and numerous improvements have been made over the last 10 years including complete removal and replacement of off-street parking lot and driveways with new asphalt (2017), which were sealed in 2018 and again in August of 2023. Units are currently 100% rented, pictures are before tenant occupancy. Located in the Independence school district with easy access to 40 Hwy and to I-70, close to shopping and restaurants. All financial information is available in the documents section in MLS

Last Agent to Sell the Property

Jeremy Johnston

ReeceNichols - Eastland Brokerage Phone: 816-935-2525 License #1999056256 Listed on: 11/03/2023

ReeceNichols - Eastland

Co-Listed By

Sally Groves

ReeceNichols - Eastland Brokerage Phone: 816-935-2525 License #1999032156

Last Buyer's Agent

Jeremy Johnston

ReeceNichols - Eastland Brokerage Phone: 816-935-2525 License #1999056256 Listed on: 11/03/2023

ReeceNichols - Eastland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,135

Year Built

  • Built in 1975

Lot Details

  • 8,962 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Basement
  • Laundry in Basement

Parking

  • Garage
  • Off-Street Parking

Schools

  • William Southern Elementary School
  • Truman High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 33-630-11-09-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 18 Units

Building Details

  • Gross Income $216,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,135

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Year Built: 1975
  • Co List Office Mls Id: HMSRAN_12
  • Co List Office Name: ReeceNichols - Eastland
  • Co List Office Phone: 816-229-6391
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Jeremy Johnston
  • Listing Service: Full Service
  • List Office Mls Id: HMSRAN_12
  • List Office Name: ReeceNichols - Eastland
  • List Office Phone: 816-229-6391
  • Mls Status: Sold
  • Operating Expense: 53950
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 22135
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Yes
  • Attribution Contact: 816-935-2525
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: In Basement
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Frame

Garage/Parking

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

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Security 1st Title

Schools

  • Middle/Junior School: Bridger
  • Junior High Dist: Independence

Lot Info

  • Zoning: MUL
  • Lot Size Area: 8962
  • Lot Size Sq Ft: 8962
  • Parcel Number: 33-630-11-09-00-0-00-000
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 18

Rental Info

  • Existing Lease Terms: Month To Month

Multi Family

  • Gross Income: 216900
  • Current Occupancy Rate: Over 95%
  • Unit Count: 0

Tax Info

  • Tax Annual Amount: 22135
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: William Southern
  • High School: Truman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2011
Sold by
Calton Ila J
Bought by
The Rolla J Pennell Trust
Current Estimated Value
$1,138,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,641,752
Interest Rate
4.81%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
The Rolla J Pennell Trust -- Alpha
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sithaa Llc $1,400,000
Closed The Rolla J Pennell Trust $2,641,752
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold -- -- --
04/05/2024 04/05/24 Pending -- -- --
03/28/2024 03/28/24 Price Changed $2,196,000 -12.8% $1,144 / Sq Ft
02/06/2024 02/06/24 Price Changed $2,519,100 -3.1% $1,312 / Sq Ft
11/03/2023 11/03/23 For Sale $2,600,000 -- $1,354 / 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 $2,291 $29,414 $3,705 $25,709
2023 $2,291 $29,414 $3,367 $26,047
2022 $2,495 $29,450 $2,233 $27,217
2021 $2,495 $29,450 $2,233 $27,217
2020 $2,244 $25,839 $2,233 $23,606
2019 $2,187 $25,839 $2,233 $23,606
2018 $882,654 $18,865 $1,839 $17,026
2017 $1,615 $18,865 $1,839 $17,026
2016 $1,615 $18,392 $2,090 $16,302
2014 $1,581 $18,392 $2,090 $16,302
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2461945

Heartland MLS

APN: 33-630-11-09-00-0-00-000