Listed By:
XChangeCRE
Address
623 N Gallatin Street, Liberty, MO
Price
$ 990,000
Property Attributes
  • MLS#2482227
  • TypeMulti-Family
  • CountyCLAY
  • CityLiberty
  • Area106 - Liberty City Limits
  • NeighborhoodGallatin Plaza
  • Zip64068
  • Style
  • Year Built1985
  • Taxes$ 5200
  • Price$ 990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.114784 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

Investment Opportunity in Liberty, MO: Six (6) townhomes nestled in the highly sought-after area of Liberty, Missouri. Strategically positioned for optimal returns, these townhomes boast a prime location adjacent to downtown Liberty, ensuring high tenant demand. With the potential to sell off individually post-acquisition (see sales comps in supplements), investors can unlock immediate profits while also capitalizing on opportunities to increase rental rates and undertake rehabilitation projects for enhanced profitability. Four out of the six units have already been rehabbed, while the remaining units present a perfect canvas for improvement. Each spacious townhome spans approximately 1,800 square feet (including basements), promising ample space for tenants and enabling potential rent hikes. Enjoy strong day-one cash flow and minimal owner expenses, making this property an ideal addition to any investment portfolio. Whether seeking immediate returns or long-term wealth accumulation, this property offers limitless potential for discerning investors. Each unit is individually parceled. HOA has very low HOA fees and covers exterior costs including roofs, gutters siding, driveways, decks and general maintenance...Tenants pay ALL of their own utilities including trash, water, gas electric, etc...Seller pays HOA. Low taxes and very low insurance for owners. This is potentially a low effort owner investment in a Class A sub market of Kansas City in Liberty MO. See quick facts document for additional details. Addresses for sale are as follows: 623 N Gallatin, Liberty, MO 64086 625 N Gallatin, Liberty, MO 64086 627 N Gallatin, Liberty, MO 64086 631 N Gallatin, Liberty, MO 64086 633 N Gallatin, Liberty, MO 64086 102 Crawford Street, Liberty, MO 64086

Price History
4/15/2024 Listed $990,000

General Features

Interior Features Apply To All Units,Private Entry
Sewer City/Public
Heating Electric
Cooling Electric
Utilities Ind Heat And Air,Ind Water Heaters
Roof Composition
Appliances Dishwasher,Refrigerator,Free-Standing Electric Oven
Zoning MF
HOA 1050
Patio/Porch Features Deck,Covered Deck
Construction Materials Wood Siding
Year Built 1985
Property SubType Package of Properties
Assoc Fee Paid Per Monthly
County Clay
Property Type Residential Income
HOA / Comm Assn Yes
Subdivision Name Gallatin Plaza
Garage Y/N No
Status Active
Directions Nashua Rd to Gallatin Street - Located in the cul-de-sac
City Liberty
High School District Liberty
NumberOfUnitsTotal 6
MLS Area 106 - Liberty City Limits
Lot Size Units Square Feet
Lot Size Square Feet 5000
Listing Terms Cash,Conventional,1031 Exchange
Public Remarks Investment Opportunity in Liberty,MO: Six (6) townhomes nestled in the highly sought-after area of Liberty,Missouri. Strategically positioned for optimal returns,these townhomes boast a prime locatio
Standard Status Active
In Flood Plain No
Virtual Tour https://my.matterport.com/show/?m=XCCeMEE6RMg
HMS_MaintenanceProvidedYN Yes

Interior Features

Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Laundry Features Inside
Unit Type 3 Bedroom,4 Bedroom Or More

Exterior Features

Parking Features Attached,Garage,Off Street,Paved
Water Source Public
Lot Size Area 5000
Road Surface Type Paved
Road Responsibility Private Maintenance

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 64068

Price
AVG $590K
$990K
Taxes
AVG $3,879
$5,200
Visits
AVG 100
288
Data Provided by Inside Real Estate®
Year Built
AVG 1983
1985