NOT LISTED FOR SALE

Estimated Value: $275,000 - $286,000

8 Beds
4 Baths
2,832 Sq Ft
$99/Sq Ft Est. Value

Last Sold July 23, 2024

Current estimated payment $1,711/month

82 Days on Market

Highlights

  • No HOA
  • Stainless Steel Appliances
  • Wood Siding
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System

About This Home

As of July 2024

PRICE DROP! Come take a look at this incredible value add 4-plex opportunity located in booming area! With over $100M in infrastructure in surrounding areas including newer grocery store, strip centers, police station, plus less than 10 min to downtown! Currently 3/4 units are vacant and will need some cosmetic repairs to be rent ready, remaining unit is occupied at $1016/mo. This building is all electric with separate meters, no gas, 1 master water meter. Each unit has it's own HVAC and WH. With 3x2 bedroom units with potential gross rent of $1258/mo (utilities included) and 1x3 bedroom unit with potential gross rent of $1645 (utilities included), Proforma projects 8.89% cap rate, see supplements for details. All details and proforma are estimates based on opinion and FMR, Buyer's agent to verify. DO NOT DISTURB TENANT IN OCCUPIED UNIT.

Last Agent to Sell the Property

Alex Shoaee

One Roof Realty LLC Brokerage Phone: 949-701-2401 License #2017029941 Listed on: 03/16/2024

Last Buyer's Agent

Ashley Klements

1st Class Real Estate KC License #00246983

1st Class Real Estate KC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,660

Year Built

  • Built in 1937

Lot Details

  • 5,828

Home Design

  • Quadruplex
  • Brick Frame
  • Synthetic Roof
  • Wood Siding

Kitchen

  • Built-In Electric Oven
  • Stainless Steel Appliances

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Additional Features

  • 2-Story Property
  • Covered Patio or Porch
  • 5,828 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 28-940-19-11-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Conrad & Mixon's Addition Subdivision

Building Details

  • Gross Income $65,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,660

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1937
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Alex Shoaee
  • List Office Mls Id: HMSONER
  • List Office Name: One Roof Realty LLC
  • List Office Phone: 816-319-4256
  • Mls Status: Sold
  • Operating Expense: 34366
  • Age Description: 76-100 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 2660
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Optional
  • Attribution Contact: 949-701-2401
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Built-In Electric Oven, Stainless Steel Appliance(s)
  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Synthetic
  • Construction Materials: Brick & Frame, Wood Siding
  • Patio And Porch Features: Covered Deck, Covered Patio

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, On Street

Utilities

  • Cooling: Electric
  • Heating: Electric, Forced Air
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, 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: Continental

Schools

  • Junior High Dist: Kansas City Mo

Lot Info

  • Zoning: MF
  • Lot Size Area: 5828
  • Lot Size Sq Ft: 5828
  • Parcel Number: 28-940-19-11-00-0-00-000
  • Subdivision Name: Conrad & Mixon's Addition
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 4

Rental Info

  • Existing Lease Terms: Month To Month

Multi Family

  • Gross Income: 65028
  • Current Occupancy Rate: Unknown-Verify
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 2660
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2025
Sold by
Chan Chng Mei Justine
Bought by
Sprinkles Real Estate Mo Llc
Current Estimated Value
$272,034

Purchase Details

Listed on
Mar 16, 2024
Closed on
Jul 11, 2024
Sold by
Hicks Michael and Hicks Susan
Bought by
Chan Chng Mei Justine
Seller's Agent
Alex Shoaee
One Roof Realty LLC
Buyer's Agent
Ashley Klements
1st Class Real Estate KC
List Price
$325,000
Views
283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$202,600
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2022
Sold by
Van Cap Llc
Bought by
Hicks Michael and Hicks Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2022
Bought by
Van Cap Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2014
Sold by
Marquis Properties Llc
Bought by
Insider S Cash Llc

Purchase Details

Closed on
Mar 20, 2012
Sold by
Jamirika Of Kansas City L L C
Bought by
Marquis 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
$51,500
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Sprinkles Real Estate Mo Llc -- None Listed On Document
Chan Chng Mei Justine -- Continental Title
Chan Chng Mei Justine -- Continental Title
Hicks Michael -- None Listed On Document
Hicks Michael -- None Listed On Document
Van Cap Llc -- None Listed On Document
Van Cap Llc -- None Listed On Document
Insider S Cash Llc -- None Available
Marquis Properties Llc -- Continental Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chan Chng Mei Justine $202,600
Previous Owner Hicks Michael $210,000
Previous Owner Van Cap Llc $1,825,000
Previous Owner Marquis Properties Llc $51,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold -- -- --
06/07/2024 06/07/24 Pending -- -- --
05/21/2024 05/21/24 Price Changed $300,000 -7.7% $106 / Sq Ft
03/16/2024 03/16/24 For Sale $325,000 -- $115 / 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 $2,661 $34,031 $14,417 $19,614
2023 $2,661 $34,031 $3,728 $30,303
2022 $1,375 $16,720 $1,511 $15,209
2021 $1,371 $16,720 $1,511 $15,209
2020 $1,220 $14,695 $1,511 $13,184
2019 $1,194 $14,695 $1,511 $13,184
2018 $409 $16,150 $418 $15,732
2017 $409 $5,142 $418 $4,724
2016 $335 $4,180 $404 $3,776
2014 -- $4,180 $404 $3,776
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2477969

Heartland MLS

APN: 28-940-19-11-00-0-00-000