Price Reduction
Listed By:
United Real Estate Kansas City
Address
8828 N Main Street, Kansas City, MO
Price
$ 490,000
Property Attributes
  • MLS#2467478
  • TypeMulti-Family
  • CountyCLAY
  • CityKansas City
  • Area104 - N=291 - S=Barry Rd - E=291-I-35 - W=Clay Co
  • NeighborhoodBigham Heights
  • Zip64155
  • Style
  • Taxes$ 2794
  • Price$ 490,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.879982 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2, 1 bedroom. 1bath. 1, 2 bedroom. 2 bath. Close to shopping area, off-street concrete parking, some storage, separate electric meters and has a Huge Green Space. Offering a 6% cap rate. Great 1031 exchange property. Unit 1a. $679 (under rented) Unit 2b vacant 1/1 $799 have rental application for new tenant. Unit 3c 2-1 vacant previously rented for $850. Unit 4d 2-1 vacant previously rented for $800. Unit 5b 2-2 $875 rented Total rent $4,003 a month $48,036 gross annual income x .70 for leaves 30% for expenses, net income 33625/ 5000 is a 6% cap. Seller is a licensed salesperson in Missouri.

Price History
12/29/2023 Listed $550,000
1/15/2024 2% - $540,000
1/31/2024 1% - $535,000
2/5/2024 1% - $533,000
3/7/2024 3% - $520,000
4/3/2024 1% - $515,000
4/10/2024 3% - $500,000
5/1/2024 2% - $490,000

General Features

Sewer City/Public
Heating Other
Cooling Other
Utilities Other
Roof Composition
Zoning Commer
Construction Materials Other
Property SubType Other
Assoc Fee Paid Per None
County Clay
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Bigham Heights
Garage Y/N No
Status Active
Directions 152 Hwy. to N. Oak Tfwy,south to 88th Terr,right to N. Main to complex.
City Kansas City
High School District North Kansas City
Total Units 5
MLS Area 104 - N=291;S=Barry Rd;E=291/I-35;W=Clay Co Ln
Lot Size Square Feet 38332.8
Street Name Main
Listing Terms Cash,Conventional,FHA,VA Loan
Public Remarks Calling all investors! Commercial 5 plex up north great investment in a great area. 2 studio apartments. 1 bath. 2,1 bedroom. 1bath. 1,2 bedroom. 2 bath. Close to shopping area,off-street concrete pa
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N Yes
Street Suffix Street
Unit Type Other Unit

Exterior Features

Parking Features Other
Water Source City/Public - Verify
Lot Size Area 0.88
Lot Size Units Acres

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 64155

Price
AVG $710K
$490K
Taxes
AVG $5,996
$2,794
Visits
AVG 267
254
Data Provided by Inside Real Estate®