NOT LISTED FOR SALE

Estimated Value: $204,825 - $303,000

4 Beds
2 Baths
3,180 Sq Ft
$76/Sq Ft Est. Value

Last Sold May 29, 2024

Current estimated payment $1,412/month

10 Days on Market

Highlights

  • 24,625 Sq Ft lot
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • No HOA
  • Wood Siding

About This Home

As of May 2024

Attention investors! Take a look at this delightful pair of duplexes nestled in the suburb of Independence, Missouri. Each unit offers spacious floorplans, two bedrooms, one bathroom, and convenient side-by-side washer/dryer hookups. These duplexes offer minimal owner expenses, as tenants cover their own gas, electric, water, and trash bills. Landlords only need to handle property taxes, insurance, lawn maintenance, and, if preferred, professional property management fees. Currently, 3 out of 4 units are leased for $891,$918, and $936 per month, with the final unit set to commence its lease on April 1st, 2024. Don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 03/26/2024

Last Buyer's Agent

Brian Dinkel

Platinum Realty LLC License #SP00235972

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,396

Year Built

  • Built in 1971

Lot Details

  • 0.57 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,180 Sq Ft Home
  • 1-Story Property

Schools

  • Cler-Mont Elementary School
  • Fort Osage High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 16-520-02-38-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Far View Gardens Subdivision

Building Details

  • Gross Income $44,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,396

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Year Built: 1971
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 3396
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 12000.00
  • Major Repair Description: New roof - 9k Sewer line repairs - 3k
  • Package: Yes
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Laundry Features: Inside
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Concrete, Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: 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: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: First American Title

Schools

  • Junior High Dist: Fort Osage

Lot Info

  • Zoning: R-2
  • Building Area Total: 3180
  • Lot Size Sq Ft: 24625
  • Parcel Number: 16-520-02-38-00-0-00-000
  • Subdivision Name: Far View Gardens
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 4

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 44880
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 3396
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Cler-Mont
  • High School: Fort Osage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
May 31, 2024
Sold by
Arrowhead Hills Llc
Bought by
Vickey Kim Paul Llc
Seller's Agent
Michelle Lutz
Lutz Sales + Investments
Buyer's Agent
Brian Dinkel
Platinum Realty LLC
List Price
$438,000
Views
17
Current Estimated Value
$242,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-30.16%
Original Mortgage
$321,000
Outstanding Balance
$251,068
Interest Rate
7.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$8,362

Purchase Details

Closed on
Apr 19, 2005
Sold by
Youngblood Larry and Youngblood Marsha
Bought by
Harris Christopher C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Vickey Kim Paul Llc -- First American Title
Harris Christopher C -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vickey Kim Paul Llc $321,000
Previous Owner Harris Christopher C $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold -- -- --
03/26/2024 03/26/24 For Sale $438,000 -- $138 / 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 $1,678 $19,097 $7,125 $11,972
2024 $1,678 $21,130 $6,749 $14,381
2023 $1,670 $21,130 $3,639 $17,491
2022 $1,201 $14,440 $1,609 $12,831
2021 $1,201 $14,440 $1,609 $12,831
2020 $1,070 $12,696 $1,609 $11,087
2019 $1,060 $12,696 $1,609 $11,087
2018 $928 $11,049 $1,400 $9,649
2017 $1,154 $11,049 $1,400 $9,649
2016 $1,154 $10,773 $1,767 $9,006
2014 $735 $9,500 $1,988 $7,512
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2478766

Heartland MLS

APN: 16-520-02-38-00-0-00-000