Address
11268 Bales Avenue, Kansas City, MO
Price
$ 649,000
Property Attributes
- MLS#2472899
- TypeMulti-Family
- CountyJACKSON
- CityKansas City
- Area203 - South K.C. Mo-Grandview Area
- NeighborhoodTerrace Manor
- Zip64137
- Style
- Year Built1976
- Taxes$ 9257
- Price$ 649,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.545202 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
RARE OPPORTUNITY to own a FULLY OCCUPIED 4-Plex! This excellent investment property is located in South Kansas City on a corner with easy highway access. ARE YOU LOOKING A HOUSE HACKING OPPORTUNITY? Whether you're a beginner or a seasoned investor, this property has something for everyone. Live in one unit and rent the others to offset your monthly mortgage payments and expenses. Each unit has a washer, dryer, and plenty of parking. Tenants pay for electricity and gas, water while the landlord is responsible for trash, and lawn care. The closing date is flexible. Hurry, as this one won't last! The 4-plex is $162,500 per unit with OVER $57K IN ANNUAL RENTAL INCOME! Why a 4-plex with 100% occupancy? The multifamily setup reduces the risk associated with vacancies, as multiple units spread the potential loss of income. Each unit is designed for low-maintenance living, allowing you to focus on growing your investment portfolio. Upgrade include NEW WINDOWS, FLOORING, KITCHENS, APPLIANCES and WASHER & DRYER IN EACH UNIT. Here's a breakdown of the units: Units 11272 and 11274 have 3 bedrooms and 2 bathrooms and rent for $1250 and $1000 monthly. The current lease on unit 11272 ends 7/4/24, making it ideal for a home hack. Unit 11268 is a 4 bedroom, 2 bath, and rents $1250 monthly. Unit 11270 is a 5-bedroom, 2.5-bath rents $1250 unit previously used as an Airbnb. The current lease ends 10/6/24.
| Elementary School | Middle School | High School |
|---|---|---|
| Warford Elementary School | Smith-Hale Middle School | Ruskin High School |
| Price History | |
|---|---|
| 3/16/2024 | Listed $649,000 |
General Features
| Sewer | City/Public |
|---|---|
| Heating | Forced Air |
| Cooling | Other |
| Utilities | Other |
| Roof | Composition,Wood Shingle |
| Zoning | Residential |
| Construction Materials | Concrete,Wood Siding |
| Year Built | 1976 |
| Property SubType | Quadruplex |
| County | Jackson |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | Terrace Manor |
| Garage Y/N | No |
| Status | Active |
| Directions | Take US Highway 71 S,Continue onto I-49,Take exit 182 turn right onto Red Bridge Road. Turn left on Cleveland. Turn right onto 112th Street,Continue straight onto Bridge Manor Drive,Turn Right onto B |
| High School | Ruskin |
| City | Kansas City |
| High School District | Hickman Mills |
| Total Units | 4 |
| MLS Area | 203 - South K.C. Mo/Grandview Area |
| Lot Size Square Feet | 23749 |
| Street Name | Bales |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Elementary School | Warford |
| Middle/Junior High School | Smith-Hale |
| Public Remarks | RARE OPPORTUNITY to own a FULLY OCCUPIED 4-Plex! This excellent investment property is located in South Kansas City on a corner with easy highway access. ARE YOU LOOKING A HOUSE HACKING OPPORTUNITY? |
| Standard Status | Active |
| In Flood Plain | No |
Interior Features
| Total Stories | 2 |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Street Suffix | Avenue |
| Unit Type | 4 Bedroom Or More |
Exterior Features
| Parking Features | On Street |
|---|---|
| Water Source | Public |
| Lot Size Area | 23749 |
| Lot Dimensions | 23749 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 64137
Price
Taxes
Visits
Year Built
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Last Updated: May 18, 2024 11:53 AM UTC
