NOT LISTED FOR SALE

Estimated Value: $325,000 - $400,535

8 Beds
4 Baths
2,800 Sq Ft
$130/Sq Ft Est. Value

Last Sold May 26, 2023

Current estimated payment $2,418/month

47 Days on Market

Highlights

  • No HOA
  • Cooling System Powered By Gas
  • Forced Air Heating System

About This Home

As of May 2023

Back on market and ready for a quick close! This durable 1960s brick quadplex is back and ready for a new buyer due to the previous one's inability to qualify for a loan. With four newly renovated 2-bedroom, 1-bathroom units featuring hardwood floors, stainless steel appliances, and convenient in-unit washers/dryers, this property is a perfect rental property. Tenants will love the rear parking lot while owner will love the mostly new mechanicals, and sub-metered utilities, including water.

This rental property has everything you could want in Kansas City, from spacious 2-bedroom units with in-unit laundry to the added convenience of dedicated parking. As a bonus, landlords will appreciate the low property taxes and submetered water, making it an even more attractive investment opportunity.

Don't wait any longer - add this exceptional property to your portfolio today!

Last Agent to Sell the Property

Lee Ripma

Lutz Sales + Investments License #2021021630 Listed on: 03/02/2023

Last Buyer's Agent

Seth Bailey

United Real Estate Kansas City License #SP00238343

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,127

Year Built

  • Built in 1960

Lot Details

  • 0.28

Home Design

  • Quadruplex
  • Brick Frame
  • Composition Roof

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Separate Meters

Additional Features

  • 2-Story Property
  • 0.28 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 27-840-24-15-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Kleuver Homestead Subdivision

Building Details

  • Gross Income $38,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,127

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1960
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Lee Ripma
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 2127
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 2127
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: No
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick & Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 6

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Accurate Title

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: C2
  • Lot Size Area: 12278
  • Lot Size Sq Ft: 12278
  • Parcel Number: 27-840-24-15-00-0-00-000
  • Subdivision Name: Kleuver Homestead
  • 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: 38940
  • Current Occupancy Rate: Under 80%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2127
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2023
Sold by
Midwest Rental Acquisitions Llc
Bought by
Midwest Rental Acquisitions Llc
Current Estimated Value
$364,134

Purchase Details

Listed on
Mar 2, 2023
Closed on
May 23, 2023
Sold by
Gotthardt Garrett and Gotthardt Colleen
Bought by
Midwest Rental Acquistitions Llc
Seller's Agent
Lee Ripma
Lutz Sales + Investments
Buyer's Agent
Seth Bailey
United Real Estate Kansas City
List Price
$340,000
Views
202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.13%
Original Mortgage
$303,365
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2021
Sold by
Smart Stony Llc
Bought by
Gotthardt Garrett and Gotthardt Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2018
Sold by
S Madden Properties Llc
Bought by
Smart Stony Llc

Purchase Details

Closed on
Jul 27, 2017
Sold by
Hughes Timothy E and Hughes Tamera S
Bought by
S Madden Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Midwest Rental Acquisitions Llc -- None Listed On Document
Midwest Rental Acquistitions Llc -- None Listed On Document
Gotthardt Garrett -- Cheesterfield Title Agcy Llc
Smart Stony Llc -- Stewart Title Co
S Madden Properties Llc -- None Available
S Madden Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midwest Rental Acquisitions Ll $550,000
Previous Owner Midwest Rental Acquistitions Llc $303,365
Previous Owner Gotthardt Garrett $243,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2023 05/26/23 Sold -- -- --
04/24/2023 04/24/23 For Sale $340,000 0.0% $121 / Sq Ft
04/24/2023 04/24/23 Price Changed $340,000 -9.3% $121 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $375,000 -1.3% $134 / Sq Ft
03/13/2023 03/13/23 For Sale $380,000 0.0% $136 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $380,000 -- $136 / 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 $5,204 $74,813 $10,309 $64,504
2023 $5,204 $74,812 $19,296 $55,516
2022 $2,127 $27,930 $2,888 $25,042
2021 $2,119 $27,930 $2,888 $25,042
2020 $1,906 $24,461 $2,888 $21,573
2019 $1,878 $24,461 $2,888 $21,573
2018 $1,794 $22,705 $2,214 $20,491
2017 $1,794 $22,705 $2,214 $20,491
2016 $1,790 $22,135 $2,280 $19,855
2014 $1,753 $22,135 $2,280 $19,855
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Heartland MLS

MLS Number: 2423131

Heartland MLS

APN: 27-840-24-15-00-0-00-000