106 SARATOGA AVE, Excelsior Springs, MO 64024
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106 SARATOGA AVE, Excelsior Springs, MO 64024
106 SARATOGA AVE, Excelsior Springs, MO 64024
106 SARATOGA AVE, Excelsior Springs, MO 64024
106 SARATOGA AVE, Excelsior Springs, MO 64024
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Michael Green

Michael Green

+1(816) 560-5620
Listed by SimmonsSales Team • RE/MAX Area Real Estate
$ 999,000
Est. payment /mo
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Active

106 SARATOGA AVE Excelsior Springs, MO 64024

1.53 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Package of Properties

Listing Status Active

Purchase Type For Sale

MLS Listing ID 2607450

Year Built 1900

Annual Tax Amount $6,817

Lot Size 1.530 Acres

Acres 1.53

Property Sub-Type Package of Properties

Source hmls

Property Description

Divine Property Management, LLC presents a 6-property residential investment portfolio totaling 8 rental units located in Excelsior Springs and Clay County, Missouri. The portfolio includes six single-family rental homes and one triplex, and is being offered as a single package sale at $1,150,000. Properties included: 51 N Emerson St (Kansas City); 236 Valley St (EXSP); 1123 St Louis Ave (EXSP); 1125 St Louis Ave (EXSP); 1249 St Louis Ave (EXSP); and 106 Saratoga Ave (EXSP-Triplex). The portfolio currently includes eight occupied units with one vacancy. All six single-family homes are leased, while the triplex at 106 Saratoga Ave has two units leased and one unit actively being marketed for rent. Based on current leases, the portfolio generates $102,900 in scheduled annual rental income. Annual operating expenses primarily consist of property taxes ($6,817) and insurance ($7,697) for total annual expenses of approximately $14,514.00, resulting in an estimated current net operating income of approximately $88,386.00. The properties are owner-managed, with no third-party property management currently in place. The triplex at 106 Saratoga Ave participates in the Excelsior Springs Chapter 353 Tax Abatement District. This offering provides investors the opportunity to acquire nine residential rental units through one coordinated acquisition rather than assembling individual properties separately. Portfolio is being offered as a PACKAGE SALE ONLY, with supporting financial documentation available for investor and lender review during the due diligence period.

Location

State MO

County Clay

Zoning Multi

Interior

Heating Electric, Forced Air

Cooling Electric, Window Unit(s)

Fireplace N

Appliance Dishwasher, Refrigerator, Electric Range

Laundry Central Laundry, Utility Room

Exterior

Parking Features true

Utilities Available Other

Roof Type Composition,Metal,Tar/Gravel

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

School District Excelsior Springs

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Heartland MLS KS / Southeast Kansas AOR

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Michael Green
Michael Green

Team Leader - Agent | License ID: 2019032997/CO90084900

+1(816) 560-5620 | michaelgreen52@yahoo.com

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106 SARATOGA AVE