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Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other
MLS Listing ID 2455278
Sold Date 11/13/23
Year Built 1972
Annual Tax Amount $2,942
Lot Size 6,673 Sqft
Acres 0.153191
Property Description
Blue Springs quadplex priced to sell, even for the financed buyer! Property in a good location? CHECK. Is it structurally solid with newer components/systems? CHECK. Will it cash flow? CHECK. So many factors make this an excellent opportunity for your investor or owner occupied buyer. Inspections performed a year ago, and checked out EXTREMELY clean. 2 year old roof, 6 year old HVACs, and 7 year old windows! All four are large single bedroom units. Two of the four have been remodeled (one full and one partial) with amazing tenants. Current landlord decided to part ways with other two (previously long-term) tenants with last one leaving at the end of September, creating perfect opportunity for easy remodel, lifted rent, and clearing amazing cash flow! Previous owner did not push the envelope on increasing rents to correspond with market inflation, but current owner started that process.. Rentometer shows avg. 1/1 apartments at $1,000/mo. (see supplements for report). Lease at a conservative $900/mo. for 10% cap rate AND cash on cash return! ALL expenses covered by TENANTS. Location is impeccable, only a minute from all the downtown Blue Springs shops and restaurants. Come check out this exceptional 4plex and add to your portfolio!
Location
State MO
County Jackson
Rooms
Basement false
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Appliance Disposal, Refrigerator, Built-In Electric Oven, Free-Standing Electric Oven
Exterior
Garage false
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Composition
Building
Story 2
Water Public
Structure Type Brick
Schools
School District Blue Springs
Others
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
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