Listed By:
Executive Asset Realty
Address
401-407 S Forest Avenue, Sugar Creek, MO
Price
$ 485,000
Property Attributes
  • MLS#2474228
  • TypeMulti-Family
  • CountyJACKSON
  • CitySugar Creek
  • Area206 - Independence Area
  • NeighborhoodMc Cormick Add
  • Zip64054
  • Style
  • Year Built1974
  • Taxes$ 5945
  • Price$ 485,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.78953 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

Welcome to Sugar Creek, Missouri, where an exceptional opportunity awaits in the form of a meticulously maintained 4plex complemented by an additional plot of land primed for development! Nestled within this burgeoning community, this multifamily gem showcases a blend of two and three-bedroom units, with approximately 75% of the property boasting recent renovations. Step inside to discover a harmonious fusion of modern convenience and timeless charm, with upgrades including new flooring, stainless steel appliances, updated AC units, tastefully remodeled bathrooms, and a fresh coat of paint throughout. Whether you're a savvy investor seeking to expand your portfolio or a discerning homeowner with an eye for value, this property presents an enticing proposition. With its strategic location and income potential, it's tailor-made for a house hacker looking to offset mortgage costs while enjoying the benefits of multifamily ownership. But the allure doesn't end there. Adjacent to the existing 4plex lies a blank canvas of land, perfectly positioned for the construction of six additional duplexes. Imagine the possibilities of creating your own enclave within this thriving community, tailored to meet the demands of today's discerning renters or homeowners. Conveniently situated in Sugar Creek, residents will relish easy access to a myriad of local amenities, including shopping, dining, parks, and top-rated schools, ensuring a lifestyle of both comfort and convenience. Don't miss out on this rare opportunity to own a piece of Sugar Creek's burgeoning real estate landscape. Seize the moment and make your mark with this unparalleled investment opportunity!

Price History
2/28/2024 Listed $525,000
3/6/2024 3% - $510,000
3/12/2024 2% - $499,900
3/21/2024 3% - $485,000

General Features

Sewer City/Public
Heating Forced Air
Cooling Electric
Utilities Ind Heat And Air,Ind Water Heaters,Separate Meters
Possession Funding
Roof Composition
Appliances Microwave,Built-In Electric Oven,Stainless Steel Appliance(s)
Zoning C-0
Patio/Porch Features Deck
Construction Materials Concrete,Wood Siding
Year Built 1974
Property SubType Quadruplex
Assoc Fee Paid Per None
County Jackson
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Mc Cormick Add
Garage Y/N Yes
Status Active
Directions Take 435N to exit 59 toward Independence Ave. Merge onto US24E / E Winner Rd. Turn left onto S Forest Ave. Turn right onto E Lexington Ave. Turn right onto Riley Ln.
City Sugar Creek
High School District Independence
Total Units 4
MLS Area 206 - Independence Area
Lot Size Square Feet 77952
Street Name Forest
Listing Terms Cash,Conventional,FHA
Public Remarks Welcome to Sugar Creek,Missouri,where an exceptional opportunity awaits in the form of a meticulously maintained 4plex complemented by an additional plot of land primed for development! Nestled withi
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 1
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Street Suffix Avenue
Unit Type 2 Bedroom,3 Bedroom

Exterior Features

Parking Features Attached,Garage,Off Street
Water Source Public
Lot Size Area 77952
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 64054

Price
AVG $280K
$490K
Taxes
AVG $2,812
$5,945
Visits
AVG 280
239
Data Provided by Inside Real Estate®
Year Built
AVG 1961
1974