NOT LISTED FOR SALE

Estimated Value: $940,201

-- Bed
-- Bath
-- Sq Ft
0.82 Acres

Last Sold March 24, 2020

Current estimated payment $5,885/month

31 Days on Market

Highlights

  • Central Heating and Cooling System
  • Wood Siding
  • 1-Story Property
  • Pleasant Lea Middle School Rated A-

About This Home

As of March 2020

Back on Market - No fault to seller. Amazing investment property! Immediate cash flow! Two 4-plexes in the heart of Lee's Summit. All 8 units fully rented. Four 1 bedroom & four 2 bedroom units. Each has a full bsmt w/ washer/dryer hook-ups & tons of storage, large yard, & plenty of parking. Hardwood floors throughout main living areas, & tile in kitchen/bath. All homes are in great shape with many recent repairs and updates. No deferred maintenance! Seller has spent his time bringing this property back to life and selecting quality tenants! Below market rents could be raised so ROI could be much higher. See financial supplements for more. No sign is present. Please do not disturb tenants. Happy tenants pay on time.

Last Agent to Sell the Property

Nicole Smith

Platinum Realty LLC License #SP00231254 Listed on: 02/06/2020

Last Buyer's Agent

Ryan Gritters

Keller Williams Platinum Prtnr License #2013030054

Keller Williams Platinum Prtnr

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,006

Year Built

  • Built in 1965

Lot Details

  • 0.82

Home Design

  • Quadruplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Basement
  • Laundry in Basement

Parking

  • 16 Parking Spaces
  • Off-Street Parking

Schools

  • Westridge Elementary School
  • Lee's Summit High School

Utilities

  • Central Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 61-420-08-22-00-0-01-099

Community Details

Overview

  • 8 Units
  • Delta Park Subdivision

Building Details

  • Gross Income $66,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,006

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 51-75 Years
  • Legal Description: LEA MANOR CONDOMINIUM UNITS 803, 805, 807, 809 EAST BLDG UNITS 811, 813, 815, 817 WEST BLDG
  • Package: No
  • Year Built: 1965
  • 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: Nicole Smith
  • List Office Mls Id: PRKC
  • List Office Name: Platinum Realty LLC
  • List Office Phone: 888-220-0988
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 15408
  • Special Documents Required: No
  • Tax Total Amount: 4006
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Value Range Pricing: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Individual Storage
  • Basement: Yes
  • Laundry Features: In The Basement
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 16

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

Schools

  • School District: Lee's Summit
  • Elementary School: Westridge
  • Middle School: Pleasant Lea
  • High School: Lee's Summit
  • Middle/Junior School: Pleasant Lea

Lot Info

  • In Floodplain: Unknown
  • Zoning: Multi
  • Parcel Number: 61-420-08-22-00-0-01-099
  • Subdivision Name: Delta Park

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 8

Multi Family

  • Gross Income: 66300
  • Current Occupancy Rate: Over 95%
  • Operating Expenses Include: Maintenance, Other, Property Insurance, Property Mgmt, Real Estate Tax

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 4006.00

MLS Schools

  • Elementary School: Westridge
  • School District: Lee's Summit
  • High School: Lee's Summit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Mar 20, 2020
Sold by
Kcd Real Estate Llc
Bought by
Rank John J and Rank Sherry D
Seller's Agent
Nicole Smith
Platinum Realty LLC
Buyer's Agent
Ryan Gritters
Keller Williams Platinum Prtnr
List Price
$689,500
Sold Price
$662,350
Premium/Discount to List
-$27,150
-3.94%
Total Days on Market
31
Current Estimated Value
$940,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,851
Avg. Annual Appreciation
1.87%

Purchase Details

Listed on
Jul 23, 2018
Closed on
Sep 13, 2018
Sold by
Cmf Rental Properties Llc
Bought by
Kcd Real Estates Llc
Seller's Agent
Loni Bernard
Lotus Key Homes LLC
Buyer's Agent
Nicole Smith
Platinum Realty LLC
List Price
$515,000
Sold Price
$482,500
Premium/Discount to List
-$32,500
-6.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.01%

Purchase Details

Closed on
Jan 14, 2009
Sold by
Bankliberty
Bought by
Lea Manor Condominiums Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,000
Interest Rate
5.48%
Mortgage Type
Seller Take Back
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
Rank John J -- Platinum Title Llc
Kcd Real Estates Llc -- Stewart Title Co
Lea Manor Condominiums Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lea Manor Condominiums Llc $173,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold -- -- --
03/08/2020 03/08/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $689,500 +33.9% --
09/14/2018 09/14/18 Sold -- -- --
07/30/2018 07/30/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $515,000 -- --
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 $7,281 $101,574 $19,247 $82,327
2023 $7,281 $101,574 $19,247 $82,327
2022 $6,074 $75,240 $14,260 $60,980
2021 $6,199 $75,240 $14,260 $60,980
2020 $4,119 $49,499 $14,260 $35,239
2019 $4,006 $49,499 $14,260 $35,239
2018 $1,004,738 $43,042 $11,407 $31,635
2017 $3,754 $43,042 $11,407 $31,635
2016 $3,453 $39,194 $8,775 $30,419
2014 $3,523 $39,194 $8,775 $30,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2205842

Heartland MLS

APN: 61-420-08-22-00-0-01-099