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Listed by SimmonsSales Team • RE/MAX Area Real Estate
$ 1,150,000
Est. payment /mo
Active
106 SARATOGA AVE Excelsior Springs, MO 64024
1.53 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Package of Properties
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2607450
Year Built 1900
Annual Tax Amount $6,817
Lot Size 1.530 Acres
Acres 1.53
Property Sub-Type Package of Properties
Source hmls
Property Description
Divine Property Management, LLC presents a 7-property residential investment portfolio totaling 9 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); 404 Salem Rd (EXSP); 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.
Location
State MO
County Clay
Zoning Multi
Interior
Heating Electric, Forced Air
Cooling Electric, Window Unit(s)
Fireplace N
Appliance Dishwasher, Refrigerator, Electric Range
Laundry Central Laundry, Utility Room
Exterior
Parking Features true
Utilities Available Other
Roof Type Composition,Metal,Tar/Gravel
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
School District Excelsior Springs
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
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