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Key Details
Sold Price $2,400,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Other
MLS Listing ID 2419699
Sold Date 03/20/23
Annual Tax Amount $14,948
Lot Size 0.367 Acres
Acres 0.36730945
Property Description
24 units (4 - 6 plexes - all together) Class A location in a growing suburb - built in value in a superb sub market and ability to generate strong cash flow due to high demand location. Likely won’t ever go down in value and will NEVER be difficult to fill vacancies. Large units with good mix of 2br/2Ba and 1Br/1BA. Ability to push rents with simple cosmetic updates - sub market can handle near top of the line finishes, color schemes, flooring, and fixtures to achieve at or near market rents. Utilize rehab loan to untap NOI and force appreciation. Quiet community - high demand location with exceptional access yet in a suburban community that is family oriented. Due to school popularity, new owner will achieve high occupancy throughout the business plan. Includes 805-817 Mock Ave. (24 units). General photos displayed are representative of various unit interiors.
Location
State MO
County Jackson
Zoning MUL
Rooms
Basement true
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Laundry In Basement
Exterior
Garage false
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Composition
Building
Story 3
Sewer City/Public
Water Public
Structure Type Frame
Schools
Elementary Schools Blue Springs
Middle Schools Blue Springs
High Schools Blue Springs
School District Blue Springs
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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