$1,400,000
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SOLD DATE : 03/31/2021
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Sold
Purchase Type For Sale
Subdivision Holmes Gardens
MLS Listing ID 2309089
Sold Date 03/31/21
Year Built 1954
Property Description
Well maintained 19 unit portfolio in great locations. Consisting of 9 duplexes and 1 Single family. 16 of the 19 units are located in the same subdivision of Holmes Gardens in KCMO. 4 of the 12 two bedroom units have undergone complete renovations (2019/2020). and rent for $825. 4 additional 2 bedroom units were renovated between 2017-2019. There are 4 three bedroom units which were completely renovated in 2016-2017 and rent for $950. Single family renovated in 2019. One additional 3 bed duplex located in Raytown. Units have been acquired and managed by same owner and management company over the past 4 years. Properties are at or above market rent. There is an opportunity to increase revenue by $700 by billing back $50 water utility for 14 of 16 on lease renewals for units located in Holmes Garden.
Location
State MO
County Jackson
Zoning MF
Rooms
Basement false
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Garage false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Board/Batten, Frame
Schools
School District Center
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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