NOT LISTED FOR SALE

Estimated Value: $102,000 - $285,000

2 Beds
1 Bath
1,121 Sq Ft
$169/Sq Ft Est. Value

Last Sold February 03, 2017

Current estimated payment $1,111/month

49 Days on Market

About This Home

As of February 2017

SEE ATTACHED EXECUTIVE SUMMARY::9 Single Family Homes Portfolio located in Kansas City MO. 100% occupied by Section-8 tenants with waiting list. Section-8 pays 100% of rent. 23% cash on cash on 10.5% cap rate. Well diversified package of homes. Market area vacancy rate 1%. SFH in great demand. This package is located just blocks from the "The Plaza", "Ward Park Mall", "Rockhursth University" and many other popular ares of KC MOThe area is also undergoing several city and county improvement projects. such as new public parks, revitalization of historical buildings, habitat for humanity and many other community projects. Professional management is available and accounted for in this proforma at 7.5% of collected rents. Tenants responsible for own lawn care

Last Agent to Sell the Property

Charlene Bishop

RE/MAX TRUMAN LAKE License #1999056744 Listed on: 10/19/2016

RE/MAX TRUMAN LAKE

Last Buyer's Agent

Ken Collyard

ReeceNichols -Johnson County W License #BR00011356

ReeceNichols -Johnson County W

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,869

Lot Details

  • 6,011

Additional Features

  • 1-Story Property
  • Property is zoned sf
  • Cooling Available

Community Details

  • 9 Units
  • Gross Income $78,149

Listing and Financial Details

  • Assessor Parcel Number 47-810-22-03-00-0-00-000

Property Details

Property Type

Other

Est. Annual Taxes

$3,869

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Package of Properties
  • Age Description: 51-75 Years
  • Package: Yes
  • Down Payment Deprecated: 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: Chuck Gray
  • List Office Mls Id: RMX 81
  • List Office Name: RE/MAX Truman Lake
  • List Office Phone: 660-885-2201
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 32169
  • Phone Other: 6605250393
  • Special Documents Required: No
  • Tax Total Amount: 3869
  • Unit Type: Unknown
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 1

Exterior Features

  • Roof: Other
  • Construction Materials: Other

Garage/Parking

  • Garage: No
  • Parking Features: Other

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: City/Public
  • Utilities: Other
  • Cooling: Yes
  • Water Source: Other

Condo/Co-op/Association

  • Type Of Management: Owner Manager

Schools

  • School District: Kansas City Mo

Lot Info

  • In Floodplain: No
  • Zoning: sf
  • Parcel Number: 47-810-22-03-00-0-00-000

Rental Info

  • Existing Lease Terms: Other

Building Info

  • Number of Units Total: 9

Multi Family

  • Gross Income: 78149
  • Current Occupancy Rate: Over 95%
  • Gross Multiplier: 5.00
  • Operating Expenses Include: Other

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 3869.00

MLS Schools

  • School District: Kansas City Mo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2019
Sold by
Ahmadullah Shafiullah and Ahmad Gulali
Bought by
Kilby John and Kilby Dawn M
Current Estimated Value
$188,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,237,500
Outstanding Balance
$3,733,109
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
-$3,541,522

Purchase Details

Listed on
May 23, 2012
Closed on
Oct 29, 2012
Sold by
Spano Michael D and Spano Mindy S
Bought by
Sai Properties L L C
Seller's Agent
Crystal Fields
Your Next Move Realty INC
Buyer's Agent
Crystal Fields
Your Next Move Realty INC
List Price
$39,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%
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
Kilby John -- Platinum Title Llc
Sai Properties L L C -- Secured Title Of Kansas City
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kilby John $4,237,500
Closed Kilby John $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2017 02/03/17 Sold -- -- --
12/07/2016 12/07/16 Pending -- -- --
10/19/2016 10/19/16 For Sale $435,000 +987.5% $388 / Sq Ft
10/30/2012 10/30/12 Sold -- -- --
10/24/2012 10/24/12 Pending -- -- --
05/25/2012 05/25/12 For Sale $39,999 -- $36 / 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 $1,250 $15,983 $7,731 $8,252
2023 $1,250 $15,983 $2,345 $13,638
2022 $1,000 $12,160 $1,378 $10,782
2021 $997 $12,160 $1,378 $10,782
2020 $891 $10,736 $1,378 $9,358
2019 $873 $13,975 $1,378 $12,597
2018 $465 $5,846 $570 $5,276
2017 $465 $5,846 $570 $5,276
2016 $456 $5,700 $2,050 $3,650
2014 $458 $5,700 $2,050 $3,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2017274

Heartland MLS

APN: 47-810-22-03-00-0-00-000