NOT LISTED FOR SALE

Estimated Value: $233,000 - $299,000

5 Beds
3 Baths
-- Sq Ft
9.9 Acres

Last Sold May 23, 2014

Current estimated payment $1,877/month

41 Days on Market

About This Home

As of May 2014

Click VIEW SUPPLEMENTS for Executive Summary! Completely renovated and stabilized. Currently running at a 95%+ occupancy rate. Consisting of 9.9+/- acres of land and 13-buildings, 12-multi-tenant two & three story 96,600 rentable, 1- office / maintenance at 1,404 sq. ft. 264 open parking 2.1 per unit. Landlord pays water and reimbursed by tenant. Wood frame & sheathed in plywood with brick stem walls, mansard flat roofs, individual hot water tanks, HVAC roof mounts. KC KS Population 147,268. Trade area population million +.

Last Agent to Sell the Property

Charlene Bishop

RE/MAX TRUMAN LAKE License #1999056744 Listed on: 01/21/2014

RE/MAX TRUMAN LAKE

Last Buyer's Agent

Joe Woods

Real Broker, LLC License #SP00222200

Real Broker, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,075

Year Built

  • Built in 1972

Lot Details

  • 9.9

Home Design

  • Frame Construction

Parking

  • 264 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Additional Features

  • 2-Story Property
  • Central Air

Community Details

Overview

  • 124 Units
  • On-Site Maintenance

Building Details

  • Gross Income $777,311

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,075

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 41-50 Years
  • Package: No
  • Year Built: 1972
  • Down Payment Deprecated: No
  • 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: Chuck Gray
  • List Office Mls Id: RMX 81
  • List Office Name: RE/MAX Truman Lake
  • List Office Phone: 660-885-2201
  • Maintenance Description: Building Exterior, HVAC, Lawn, Roof Repair, Roof Replace, Snow Removal, Street
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 461355
  • Special Documents Required: No
  • Tax Total Amount: 18075
  • Unit Type: 1 Bedroom, 2 Bedroom, 3 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Materials: Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 264

Utilities

  • Cooling: Other
  • Heating: Central Electric
  • Sewer: City/Public
  • Utilities: Other
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Off-Site Mgmt

Schools

  • School District: Kansas City Ks

Lot Info

  • In Floodplain: Unknown
  • Zoning: R5
  • Lot Size Area: 9.90
  • Lot Size Area Units: Acres
  • Lot Size Sq Ft: 431244.00
  • Parcel Number: 999999

Rental Info

  • Existing Lease Terms: 12 Months, 6 Months, Negotiable

Building Info

  • Number of Units Total: 124

Multi Family

  • Gross Income: 777311
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Accounting, Advertising, Electricity, Exterminator, Legal, Maintenance, Permits, Personal Prop Tax, Property Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Sewer, Supplies, Water

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 18075.00

MLS Schools

  • School District: Kansas City Ks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2007
Sold by
Reeves Earnest and Reeves Catherine
Bought by
Reeves Ernest and Reeves Katherine
Current Estimated Value
$272,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,959
Interest Rate
6.3%
Mortgage Type
FHA
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
Reeves Ernest -- Assured Quality Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Reeves Ernest $135,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2014 05/23/14 Sold -- -- --
03/03/2014 03/03/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $3,900,000 -- --
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 $5,098 $33,936 $3,069 $30,867
2023 $5,039 $31,234 $2,854 $28,380
2022 $3,955 $24,453 $2,230 $22,223
2021 $3,815 $23,046 $1,894 $21,152
2020 $3,601 $21,770 $1,563 $20,207
2019 $3,278 $19,847 $1,536 $18,311
2018 $3,073 $18,711 $975 $17,736
2017 $2,672 $16,157 $975 $15,182
2016 $2,377 $14,271 $975 $13,296
2015 $2,406 $14,272 $978 $13,294
2014 $2,667 $15,525 $1,281 $14,244
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 1865106

Heartland MLS

APN: 223005