BEDS0
BATHS
MLS#2607450
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLExcelsior Springs
Property Description
Divine Property Management, LLC presents a 6-property residential investment portfolio totaling 8 rental units located in Excelsior Springs and Clay County, Missouri. The portfolio includes six single-family rental homes and one triplex, and is being offered as a single package sale at $1,150,000. Properties included: 51 N Emerson St (Kansas City); 236 Valley St (EXSP); 1123 St Louis Ave (EXSP); 1125 St Louis Ave (EXSP); 1249 St Louis Ave (EXSP); and 106 Saratoga Ave (EXSP-Triplex). The portfolio currently includes eight occupied units with one vacancy. All six single-family homes are leased, while the triplex at 106 Saratoga Ave has two units leased and one unit actively being marketed for rent. Based on current leases, the portfolio generates $102,900 in scheduled annual rental income. Annual operating expenses primarily consist of property taxes ($6,817) and insurance ($7,697) for total annual expenses of approximately $14,514.00, resulting in an estimated current net operating income of approximately $88,386.00. The properties are owner-managed, with no third-party property management currently in place. The triplex at 106 Saratoga Ave participates in the Excelsior Springs Chapter 353 Tax Abatement District. This offering provides investors the opportunity to acquire nine residential rental units through one coordinated acquisition rather than assembling individual properties separately. Portfolio is being offered as a PACKAGE SALE ONLY, with supporting financial documentation available for investor and lender review during the due diligence period.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Heating: Electric, Forced Air
Home Style: Package of Properties
Lot Size: 1.53 Acres
Roof Type: Composition, Metal, Tar/Gravel
Stories: 3.0
Year Built: 1900
Feature Descriptions
Days on Site: 126
Exterior: Frame
Flood Plain: Unknown
In City Limits: Yes
Management: Owner Manager
Parking: Attached, Detached, Off Street
Parking Notes: Attached, Detached, Off Street
Sewer: Public Sewer
Unit: 1 Bedroom,2 Bedroom,3 Bedroom
Units: 9
Utilities: Other
Water: Public
Local Schools
School District: Excelsior Springs
Listed By / Shown
Listed By
Agency Name: RE/MAX Area Real Estate
Agency Phone: 816-630-4000
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's Insurance
106 Saratoga Avenue | MLS# 2607450
This multi-family property located at 106 Saratoga Avenue, Excelsior Springs, MO 64024 is currently listed for sale with an asking price of call for price. Saratoga Avenue is located within the Excelsior Springs school district. Search Excelsior Springs real estate on www.trophypa.com today.