$300,000
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5,828 Sqft Lot
SOLD DATE : 07/23/2024
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Conrad & Mixon'S Addition
MLS Listing ID 2477969
Sold Date 07/23/24
Originating Board hmls
Year Built 1937
Annual Tax Amount $2,660
Lot Size 5,828 Sqft
Acres 0.13379247
Property Sub-Type Quadruplex
Property Description
PRICE DROP! Come take a look at this incredible value add 4-plex opportunity located in booming area! With over $100M in infrastructure in surrounding areas including newer grocery store, strip centers, police station, plus less than 10 min to downtown! Currently 3/4 units are vacant and will need some cosmetic repairs to be rent ready, remaining unit is occupied at $1016/mo. This building is all electric with separate meters, no gas, 1 master water meter. Each unit has it's own HVAC and WH. With 3x2 bedroom units with potential gross rent of $1258/mo (utilities included) and 1x3 bedroom unit with potential gross rent of $1645 (utilities included), Proforma projects 8.89% cap rate, see supplements for details. All details and proforma are estimates based on opinion and FMR, Buyer's agent to verify. DO NOT DISTURB TENANT IN OCCUPIED UNIT.
Location
State MO
County Jackson
Zoning MF
Interior
Heating Electric, Forced Air
Cooling Electric
Fireplace N
Appliance Refrigerator, Built-In Electric Oven, Stainless Steel Appliance(s)
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Synthetic
Building
Story 2
Sewer City/Public
Water Public
Structure Type Brick & Frame,Wood Siding
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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