NOT LISTED FOR SALE

Estimated Value: $303,000 - $377,000

8 Beds
4 Baths
4,160 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 04, 2021

Current estimated payment $2,078/month

38 Days on Market

About This Home

As of March 2021

Cash-flowing 4-unit brick apartment in Historic NE-KC. All units leased out at $595/mo which is well below market rate for the size and quality of the units. Immediate value-add opportunity thru rent increase. Gas & Electric separately metered. Updated electrical, plumbing, furnaces, water heaters, windows, & exterior paint. Storage in basement. Possible room (W/D). For inquiries, DO NOT SCHEDULE WITH 3RD PARTY APP. AS-IS Offers only. Please don't bother tenants. Video available.

Last Agent to Sell the Property

Richard Redding

AMG Commercial Realty LLC License #2016037233 Listed on: 11/09/2020

Last Buyer's Agent

Richard Redding

AMG Commercial Realty LLC License #2016037233 Listed on: 11/09/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 6,098

Parking

  • On-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property
  • Basement

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 28-310-06-06-00-0-00-000

Community Details

Overview

  • 4 Units
  • Gage's Add Subdivision

Building Details

  • Gross Income $28,560

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 76-100 Years
  • Package: No
  • Year Built: 1920
  • 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: Richard Redding
  • List Office Mls Id: AMGCR
  • List Office Name: AMG Commercial Realty LLC
  • List Office Phone: 816-666-8662
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 6581
  • Special Documents Required: No
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Materials: All Brick

Garage/Parking

  • Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central Gas
  • Sewer: City/Public
  • Utilities: Ind Water Heaters, Separate Meters
  • Cooling: No
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Lot Info

  • In Floodplain: Unknown
  • Zoning: R3
  • Building Area Total: 4160.00
  • Parcel Number: 28-310-06-06-00-0-00-000
  • Subdivision Name: Gage's Add

Rental Info

  • Existing Lease Terms: 12 Months

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 28560
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No

MLS Schools

  • School District: Kansas City Mo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2020
Closed on
Mar 2, 2021
Sold by
Wholesale Homes Llc
Bought by
Bakas Peter
Seller's Agent
Richard Redding
AMG Commercial Realty LLC
Buyer's Agent
Richard Redding
AMG Commercial Realty LLC
List Price
$295,000
Current Estimated Value
$344,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%
Original Mortgage
$250,566
Outstanding Balance
$224,615
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$119,385

Purchase Details

Closed on
Oct 25, 2017
Sold by
Wickham Paul L
Bought by
Wholesale Homes Llc

Purchase Details

Listed on
Dec 11, 2012
Closed on
Apr 22, 2013
Sold by
Lau Sandor
Bought by
Wickham Paul L
Seller's Agent
Thom Knowles
BHG Kansas City Homes
Buyer's Agent
Paul Wickham
Downtown KC Realty L L C
List Price
$49,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.11%

Purchase Details

Closed on
Jul 20, 2010
Sold by
First Federal Savings & Loan Association
Bought by
Lau Sandor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,350
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 22, 2009
Sold by
Pool Michael J and Pool Elizabeth G
Bought by
First Federal Savings & Loan Association

Purchase Details

Closed on
Feb 14, 2008
Sold by
Aurora Loan Services Llc
Bought by
Pool Michael J and Pool Elizabeth G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,700
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2002
Sold by
Frazier David L
Bought by
Frazier David L and Frazier Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 1998
Sold by
Carter Lamon and Carter Carla L
Bought by
Frazier David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,600
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
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
Bakas Peter -- Chicago Title
Wholesale Homes Llc -- Alpha Title Guaranty Inc
Wickham Paul L -- First American Title
Lau Sandor -- First United Title Agency
First Federal Savings & Loan Association $88,200 Assured Quality Title Co
Pool Michael J -- Mo Kan Title Services Inc
Frazier David L -- --
Frazier David L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakas Peter $250,566
Previous Owner Lau Sandor $59,350
Previous Owner Pool Michael J $121,700
Previous Owner Frazier David L $90,000
Previous Owner Frazier David L $48,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/04/2021 03/04/21 Sold -- -- --
12/17/2020 12/17/20 Pending -- -- --
11/09/2020 11/09/20 For Sale $295,000 +491.2% $71 / Sq Ft
04/24/2013 04/24/13 Sold -- -- -- View Prior Sale
12/11/2012 12/11/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $49,900 -- $12 / 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 $3,371 $19,850 $1,619 $18,231
2024 $3,371 $42,714 $1,317 $41,397
2023 $3,339 $42,714 $4,651 $38,063
2022 $1,235 $15,010 $1,691 $13,319
2021 $1,230 $15,010 $1,691 $13,319
2020 $1,096 $13,203 $1,691 $11,512
2019 $1,073 $13,203 $1,691 $11,512
2018 $1,154 $14,495 $1,413 $13,082
2017 $1,131 $14,495 $1,413 $13,082
2016 $1,131 $14,132 $558 $13,574
2014 $1,135 $14,132 $558 $13,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2251845

Heartland MLS

APN: 28-310-06-06-00-0-00-000