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Listed by Ursala Sims • Keller Williams KC North
$ 700,000
Est. payment /mo
Active
11268 Bales AVE Kansas City, MO 64137
0.55 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Terrace Manor
MLS Listing ID 2613144
Year Built 1976
Annual Tax Amount $9,427
Lot Size 0.545 Acres
Acres 0.545202
Lot Dimensions 23749
Property Sub-Type Quadruplex
Source hmls
Property Description
HIGH-PERFORMING ASSET! This 4,492 sq ft fourplex is a true cash-cow with a total gross monthly income of $6,900. Recent upgrades allow for premium rents, including unit 11274 secured at $1,600/mo on a 2-year contract. Unit 11268 is at $1,600, 11270 at $1,700, and the fully remodeled showcase unit (11272) is projected at $2,000/mo (unit currently in eviction process). Over $82k in annual gross income! Significant capital improvements including a new hot water tank, fresh paint, and modernized kitchens/baths. All units separately metered for gas/electric. This is a rare, high-cap rate opportunity in a high-demand area. See lease details in supplements.
Location
State MO
County Jackson
Zoning x
Interior
Heating Forced Air
Cooling Other
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Composition,Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Concrete,Wood Siding
Schools
Elementary Schools Warford
Middle Schools Smith-Hale
High Schools Ruskin
School District Hickman Mills
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
