Kansas City, MO 64131,6624 Virginia AVE
Kansas City, MO 64131,6624 Virginia AVE
Kansas City, MO 64131,6624 Virginia AVE
Kansas City, MO 64131,6624 Virginia AVE
Kansas City, MO 64131,6624 Virginia AVE
Kansas City, MO 64131,6624 Virginia AVE
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Listed by Parker Beck • Compass Realty Group

$979,000

$979,000

Est.Price: ?

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Est. payment /mo

1.54 Acres Lot


SOLD DATE : 09/01/2023

Key Details

Sold Price $979,000

Property Type Multi-Family

Sub Type Package of Properties

Listing Status Sold

Purchase Type For Sale

Subdivision Marlborough Heights

MLS Listing ID 2434401

Sold Date 09/01/23

Annual Tax Amount $5,072

Lot Size 1.540 Acres

Acres 1.54

Property Description

Please see Offering Memorandum in supplements for more detailed analysis of the portfolio including individual property overviews, financial breakdown and other helpful info. See Addendum A or OM for list of addresses. The subject offering consists of 10 single-family rental properties in Kansas City, Missouri. All homes are situated blocks off the Paseo Boulevard and provide similar levels of make and finish. In Q4 of 2022, current ownership made in a change in 3rd party management and since, has maintained high levels of occupancy with decreased spending (currently 100% occupied). Two of the tenants that occupy these single-family rentals are on Section 8/housing vouchers. All homes in the portfolio have hardwood floors, washer/dryer hookups, basements and at least two bedrooms and one bathroom. Specific homes have washer/dryers provided by the landlord, fireplaces, garages/sheds, fenced lots and multiple levels. The portfolio provides new ownership a great value-add opportunity with potential to sell homes individually to maximize value in a residential market in need of inventory with strong demand. Incremental improvements to the property including the conversion to central air in all homes, landlord provided washer/dryers in all units and uniform make-readies to kitchens and bathroom will result in higher rents exceeding $1,000+. Homes along the Paseo have a close proximity to Brookside Shopping District, Waldo District, Rockhurst University, UMKC, Country Club Plaza, Loose Park, Swope Park and Research Medical Hospital.

Location

State MO

County Jackson

Zoning R-5

Rooms

Basement true

Interior

Heating Forced Air

Cooling Electric, Window Unit(s)

Fireplace N

Exterior

Garage true

Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters

Roof Type Composition

Building

Story 1

Sewer City/Public

Water Public

Structure Type Stucco, Wood Siding

Schools

School District Kansas City Mo

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Heartland MLS KS / Southeast Kansas AOR
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