NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1930 Built

Last Sold November 15, 2022

15 Days on Market

About This Home

As of November 2022

Comprised of 12 spacious true one bed/one bath 500 sq foot units. Separate kitchen and living areas with a small eat in kitchen. Central AC and heat. Laundry is located in the basement along with clean dedicated locked storage unit for each tenant. Common hallways have all been modernized with new carpet and paint and all units have updated drywall construction and no plaster.

Three story all brick construction with dedicated parking lot in back which can be easily gated if desired. This building has ALL utilities separately metered, even the water. Owner is responsible only for trash, common electric and gas and insurance. Entire building is wired for Google Fiber. The one bed/one bath units are highly desirable in this neighborhood as it is located less than a mile away from area hot spots like UMKC and KC Art Institute.

Long time owners have focused elsewhere and currently have only 4 of the 12 units occupied despite being in rent-ready condition. Those 4 occupied units are currently mid lease with most at $650 a month. All major cap ex has been completed. Additional cosmetic upgrades could be considered on an as needed basis or done right away to achieve completely repositioned high end luxury small multifamily jewel in the heart of city. This property possess all elements to become a cash flowing, quintessential Hyde Park jewel, coveted by landlords and tenants alike.

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments License #SP00239672 Listed on: 09/01/2022

Last Buyer's Agent

Lee Ripma

Lutz Sales + Investments License #2021021630

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,797

Year Built

  • Built in 1930

Home Design

  • Composition Roof

Interior Spaces

  • 3-Story Property
  • Basement
  • Laundry in Basement

Parking

  • 7 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 30-240-13-21-00-0-00-000

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Hyde Park Subdivision

Building Details

  • Gross Income $30,000

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,797

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 76-100 Years
  • Legal Description: TROOST HIGHLANDS S 50' OF E 163.3' OF LOT 5 (EX PT IN ST) BLK 3
  • Major Repair Costs: 31431.00
  • Major Repair Description: New flat roof
  • Package: No
  • Year Built: 1930
  • Senior Community: 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: Michelle Lutz
  • List Office Mls Id: LUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 4797
  • Special Documents Required: No
  • Tax Total Amount: 4797
  • Unit Type: 1 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Composition
  • Construction Materials: All Brick

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 7

Utilities

  • Cooling: Central Electric
  • Heating: Central Gas
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: City/Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Schools

  • School District: Kansas City Mo

Lot Info

  • In Floodplain: No
  • Zoning: Multi
  • Lot Size Area: 7124.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 7124.00
  • Parcel Number: 30-240-13-21-00-0-00-000
  • Subdivision Name: Hyde Park

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 12

Multi Family

  • Gross Income: 30000
  • Current Occupancy Rate: Under 80%
  • Operating Expenses Include: Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 4797.00

MLS Schools

  • School District: Kansas City Mo

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold -- -- --
09/16/2022 09/16/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $899,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2401843

Heartland MLS