UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Holmesdale
MLS Listing ID 2643661
Year Built 1968
Annual Tax Amount $3,700
Lot Size 0.291 Acres
Acres 0.29077134
Property Sub-Type Quadruplex
Source hmls
Property Description
Each spacious unit offers a comfortable, house-like feel that sets the property apart from a typical apartment building. Tenants also enjoy large private basement storage areas with laundry hookups and ample off-street parking.
Utilities are separately metered and paid by the tenants, except for water, helping simplify operations and control owner expenses. The property is within walking distance of Waldo's popular shops, restaurants, and neighborhood amenities, while remaining just minutes from State Line Road and convenient access to Kansas.
Current average rents are approximately $1,054 per unit per month, leaving additional value-add potential. With strategic updates as units turn, a future owner may have the opportunity to improve the units, increase rents, grow NOI, and strengthen the property's long-term value.
With durable all-brick construction, strong current income, spacious units, exceptional storage, ample parking, and an established Waldo location, this property offers an appealing combination of immediate cash flow and future upside.
Location
State MO
County Jackson
Zoning RES
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Laundry In Basement
Exterior
Exterior Feature Balcony, Private Entrance
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Hartman Elementary
Middle Schools Central
High Schools Southeast
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
