NOT LISTED FOR SALE

Estimated Value: $226,000 - $363,266

6 Beds
4 Baths
864 Sq Ft
$343/Sq Ft Est. Value

Last Sold January 05, 2023

Current estimated payment $1,890/month

7 Days on Market

Highlights

  • No HOA
  • Brick Veneer
  • Forced Air Heating and Cooling System

About This Home

As of January 2023

Property being sold As-Is. Call for Offers Monday (12/5) at 4PM. See offering memorandum in supplements for more information. 3232 Gillham is a unique triplex located in historic North Hyde Park in the heart of Midtown Kansas City, Missouri. Built in 1920, the property stands 2.5-stories and offers 3 parking spaces at the rear. In 2005, the property underwent an extensive renovation which included the roof, windows, appliances, electrical and HVAC. It is believed in its early days, the 1st level of the property operated as a general store with the owners residing upstairs. The property is separately metered for electric (100 AMP) and gas and common water. All units at the property are one-bedroom, one-bathroom units with varying layouts. The unit's square footage approximately range anywhere from 650 sf to 900 sf. Laundry is provided in the basement of the building and is currently on a Jetz Lease.
All units at Gillham have separate entries, central air, forced air gas furnaces, fully equipped kitchens, excellent natural lighting, large closet space and tub/showers. The first-floor unit has a combination of tile and vinyl flooring while the top two units have hardwoods throughout. The property is owner-managed and currently 67% occupied. Potential buyers have a various range of opportunities to assess in regard to the value-add component of this building. Buyers could choose to continue to run the property as-is while increasing rents as they are well below market. Alternatively the kitchens/bathrooms could be redone, and washers/dryers could be installed in units to maximize rents. Other strategies may include converting the building to an AirBnb or short-term rental for traveling nurses.

Last Agent to Sell the Property

Brice Bradshaw

Compass Realty Group License #SP00219113 Listed on: 11/30/2022

Compass Realty Group

Co-Listed By

Parker Beck

Compass Realty Group License #SP00238832

Last Buyer's Agent

Braden Lewis

Platinum Realty LLC

Platinum Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,438

Year Built

  • Built in 1920

Lot Details

  • 5,215 Sq Ft Lot

Home Design

  • Triplex
  • Brick Veneer
  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Basement
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number 29-840-12-21-00-0-00- 000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Springfield Place Subdivision

Building Details

  • Gross Income $20,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,438

Year Built

Built in 1920

Lot Details

5,215 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Age Description: 101 Years/More
  • Legal Description: SPRINGFIELD PLACE LOT 35 BLK 1
  • Package: No
  • Year Built: 1920
  • Senior Community: No
  • Co List Office Mls Id: CMLC
  • Co List Office Name: Compass Realty Group
  • Co List Office Phone: 816-280-2773
  • 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: Brice Bradshaw
  • List Office Mls Id: CMLC
  • List Office Name: Compass Realty Group
  • List Office Phone: 816-280-2773
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 16000
  • Special Documents Required: No
  • Tax Total Amount: 3438
  • Unit Type: 1 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: In The Basement
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer, Concrete

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Cooling: Central Electric
  • Heating: Forced Air Gas
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Separate Meters
  • Cooling: Yes
  • Electric: 100 Amp Service
  • Water Source: City/Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Lot Info

  • In Floodplain: No
  • Zoning: B4-5
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 5215.00
  • Parcel Number: 29-840-12-21-00-0-00- 000
  • Subdivision Name: Springfield Place

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 3

Multi Family

  • Gross Income: 20040
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Property Insurance, Real Estate Tax, Supplies, Water

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3438.00

MLS Schools

  • School District: Kansas City Mo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2022
Closed on
Dec 28, 2022
Sold by
Hintze Steve W and Hintze Connie J
Bought by
Darnall Jay
Seller's Agent
Brice Bradshaw
Compass Realty Group
Buyer's Agent
Braden Lewis
Platinum Realty LLC
List Price
$179,000
Views
16
Current Estimated Value
$296,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.36%
Original Mortgage
$206,250
Outstanding Balance
$199,249
Interest Rate
6.27%
Estimated Equity
$97,173

Purchase Details

Closed on
Jul 18, 2007
Sold by
Scc Properties Llc
Bought by
Hintze Steve W

Purchase Details

Closed on
Jan 5, 2006
Sold by
Hintze Steven W and Hintze Connie
Bought by
Scc Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,463
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 2, 2005
Sold by
Tme Properties Llc
Bought by
Hintze Steven and Hintze Connie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,463
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 22, 2004
Sold by
Summit Properties Llc
Bought by
Tme Properties Llc

Purchase Details

Closed on
Mar 31, 2003
Sold by
Hogan Jewel D
Bought by
R E Real Estate Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Darnall Jay -- Kansas City Title
Hintze Steve W -- Commonwealth Land Title Insu
Scc Properties Llc -- None Available
Hintze Steven -- Assured Quality Title Co
Tme Properties Llc -- Assured Quality Title Co
R E Real Estate Inc -- Assured Quality Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darnall Jay $206,250
Previous Owner Hintze Steven $124,463
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2023 01/05/23 Sold -- -- --
12/07/2022 12/07/22 Pending -- -- --
11/30/2022 11/30/22 For Sale $179,000 -- $207 / 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 $3,974 $65,867 $7,412 $58,455
2024 $3,936 $50,350 $6,815 $43,535
2023 $3,936 $50,351 $6,394 $43,957
2022 $3,438 $41,800 $1,444 $40,356
2021 $3,427 $41,800 $1,444 $40,356
2020 $3,039 $36,605 $1,444 $35,161
2019 $2,976 $36,605 $1,444 $35,161
2018 $511 $6,416 $625 $5,791
2017 $511 $6,416 $625 $5,791
2016 $501 $6,256 $586 $5,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2413789

Heartland MLS

APN: 29-840-12-21-00-0-00-000

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