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11268 Bales Avenue

Kansas City, MO 64137
  • $649,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 2472899
$649,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

RARE OPPORTUNITY to own a FULLY OCCUPIED 4-Plex! This excellent investment property is located in South Kansas City on a corner with easy highway access. ARE YOU LOOKING A HOUSE HACKING OPPORTUNITY? Whether you're a beginner or a seasoned investor, this property has something for everyone. Live in one unit and rent the others to offset your monthly mortgage payments and expenses. Each unit has a washer, dryer, and plenty of parking. Tenants pay for electricity and gas, water while the landlord is responsible for trash, and lawn care. The closing date is flexible. Hurry, as this one won't last! The 4-plex is $162,500 per unit with OVER $57K IN ANNUAL RENTAL INCOME! Why a 4-plex with 100% occupancy? The multifamily setup reduces the risk associated with vacancies, as multiple units spread the potential loss of income. Each unit is designed for low-maintenance living, allowing you to focus on growing your investment portfolio. Upgrade include NEW WINDOWS, FLOORING, KITCHENS, APPLIANCES and WASHER & DRYER IN EACH UNIT. Here's a breakdown of the units: Units 11272 and 11274 have 3 bedrooms and 2 bathrooms and rent for $1250 and $1000 monthly. The current lease on unit 11272 ends 7/4/24, making it ideal for a home hack. Unit 11268 is a 4 bedroom, 2 bath, and rents $1250 monthly. Unit 11270 is a 5-bedroom, 2.5-bath rents $1250 unit previously used as an Airbnb. The current lease ends 10/6/24.

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Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams Key Partners do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-04-20T14:34:24.157.

Based on information submitted to the MLS GRID as of 2024-04-20T14:34:24.157 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.urbancoolkcteam.com/homes/148642502
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11268 Bales Avenue Kansas City, MO 64137

  • Price: $649,000
  • Status: Active
  • On Site: 35 Days
  • ID#: 2472899
0
Beds
0
Baths
0
½ Baths
0.55
Acres
1976
Built
Neighborhood:
Terrace Manor
County:
Jackson
Area:
203 - South K.C. Mo/Grandview Area
Elementary School:
Warford
Middle School:
Smith-Hale
High School:
Ruskin
School District:
Hickman Mills
Property Description
RARE OPPORTUNITY to own a FULLY OCCUPIED 4-Plex! This excellent investment property is located in South Kansas City on a corner with easy highway access. ARE YOU LOOKING A HOUSE HACKING OPPORTUNITY? Whether you're a beginner or a seasoned investor, this property has something for everyone. Live in one unit and rent the others to offset your monthly mortgage payments and expenses. Each unit has a washer, dryer, and plenty of parking. Tenants pay for electricity and gas, water while the landlord is responsible for trash, and lawn care. The closing date is flexible. Hurry, as this one won't last! The 4-plex is $162,500 per unit with OVER $57K IN ANNUAL RENTAL INCOME! Why a 4-plex with 100% occupancy? The multifamily setup reduces the risk associated with vacancies, as multiple units spread the potential loss of income. Each unit is designed for low-maintenance living, allowing you to focus on growing your investment portfolio. Upgrade include NEW WINDOWS, FLOORING, KITCHENS, APPLIANCES and WASHER & DRYER IN EACH UNIT. Here's a breakdown of the units: Units 11272 and 11274 have 3 bedrooms and 2 bathrooms and rent for $1250 and $1000 monthly. The current lease on unit 11272 ends 7/4/24, making it ideal for a home hack. Unit 11268 is a 4 bedroom, 2 bath, and rents $1250 monthly. Unit 11270 is a 5-bedroom, 2.5-bath rents $1250 unit previously used as an Airbnb. The current lease ends 10/6/24.
Exterior Features

Construction Materials ConcreteWood Siding Garage YN No Parking Features On Street Roof CompositionWood Shingle

Interior Features

Basement YN Yes Cooling Other Cooling YN Yes Heating Forced Air Unit Type Type 4 Bedroom Or More

Property Features

Age Description 41-50 Years Association Fee 0 Association YN No In Flood Plain No Listing Agreement Exclusive Right To Sell Listing Terms CashConventionalFHAVA Loan Property Sub Type Quadruplex Sewer City/Public Tax Total Amount 9257 Utilities Other Water Source Public Zoning Residential

Listing information © 2024 Heartland MLS as distributed by MLSGRID.
Listing courtesy of Keller Williams Platinum Prtnr.



Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2024, Heartland Multiple Listing Service, Inc. Heartland MLS and Keller Williams Key Partners do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. Data last updated: 2024-04-20T14:34:24.157.

Based on information submitted to the MLS GRID as of 2024-04-20T14:34:24.157 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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