NOT LISTED FOR SALE

900 E Ohio St Clinton, MO 64735

-- Bed
-- Bath
-- Sq Ft
2.1 Acres

Last Sold November 09, 2023

440 Days on Market

Highlights

  • 91,476 Sq Ft lot
  • No HOA
  • Central Air

About This Home

As of November 2023

The fountain plaza apartments sit directly in the middle of a rapidly expanding lake community with a total area population of approximately 90,000 people. It is well known that this community is experiencing tremendous growth due to affordability of living, combined with the close proximity to a very strong Kansas City job market. While current rents are below market, several key upgrades have recently been completed and goals are being met. Management has set in motion an 18 month plan-of-action that will position the property to perform at an 8+ cap. This opportunity will be right for any investor looking to own a big multifamily property with little out of pocket.

The seller will consider sale terms equivalent to cash and conventional financing. For more information, please contact the broker directly.

Key property upgrades since 2018 include the following:

new roofs on all three buildings
new patio sliding doors in every unit
new windows in every unit
newly remodeled units to include new lvp flooring, appliances, counters and the addition of washer/dryer in-unit
newly resurfaced and re-striped parking lot
approximately 15 units have been remodeled since 2018

Last Agent to Sell the Property

Eric Savaiinaea

United Real Estate Kansas City License #2012042079 Listed on: 07/07/2022

United Real Estate Kansas City

Last Buyer's Agent

Karin Humbolt

United Real Estate Kansas City License #00052751

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,000

Lot Details

  • 2.1

Interior Spaces

  • 2-Story Property

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 18-1.0-11-001-001-006.000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 25 Units

Building Details

  • Gross Income $222,840

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,000

Lot Details

2.1 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Eric Savaiinaea
  • List Office Mls Id: HMSGRAC
  • List Office Name: United Real Estate Kansas City
  • List Office Phone: 816-629-4494
  • List Office Phone Ext: 105
  • Mls Status: Sold
  • Operating Expense: 65000
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Maintenance Description: Building Exterior,Lawn,Snow Removal
  • Package: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Other
  • Construction Materials: Concrete

Garage/Parking

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

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: City/Public
  • Utilities: Ind Water Heaters
  • 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: Alliance Title

Schools

  • Junior High Dist: Clinton

Lot Info

  • Zoning: R3
  • Lot Size Sq Ft: 91476
  • Parcel Number: 18-1.0-11-001-001-006.000
  • Subdivision Name: Other
  • ResoLotSizeUnits: Acres
  • In Flood Plain: No

Building Info

  • Number of Units Total: 25

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 222840
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 10000
  • Tax Abatement YN: 0
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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 List to Sale Price per Sq Ft Prior Sale
11/09/2023 11/09/23 Sold -- -- --
09/20/2023 09/20/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $2,100,000 0.0% --
03/29/2023 03/29/23 Pending -- -- --
11/03/2022 11/03/22 Price Changed $2,100,000 -12.2% --
09/27/2022 09/27/22 Price Changed $2,393,000 -4.3% --
07/07/2022 07/07/22 For Sale $2,500,000 +56.3% --
01/29/2021 01/29/21 Sold -- -- -- View Prior Sale
11/17/2020 11/17/20 For Sale $1,600,000 +42.2% --
03/23/2018 03/23/18 Sold -- -- -- View Prior Sale
10/24/2017 10/24/17 For Sale $1,125,000 -10.0% --
08/12/2016 08/12/16 Sold -- -- -- View Prior Sale
07/23/2016 07/23/16 Pending -- -- --
04/09/2015 04/09/15 For Sale $1,250,000 -- --
Source: Heartland MLS

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 $12,563 $259,770 $0 $0
2024 $12,563 $228,970 $0 $0
2023 $11,313 $228,970 $0 $0
2022 $10,226 $203,800 $0 $0
2021 $10,105 $205,640 $0 $0
2020 $9,877 $174,540 $0 $0
2019 $9,893 $174,540 $0 $0
2018 $9,707 $171,270 $0 $0
2017 $9,675 $171,270 $8,780 $162,490
2016 $8,422 $148,600 $8,780 $139,820
2014 -- $148,600 $0 $0
2013 -- $148,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2392166

Heartland MLS
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