11268 Bales Avenue $649,000

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    11268 Bales Avenue Kansas City, MO 64137

    • 0 Beds
    • 0 Baths
    • Multi-Family
    • MLS# 2472899
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    Views: 26 Days On Site: 46

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    Property Details

    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.

    • General Features
      • AssociationFee 0
      • Construction Materials Concrete, Wood Siding
      • Neighborhood Terrace Manor
      • YearBuilt 1976
    • Building Features
      • Cooling Other
      • Heating Forced Air
      • Roof Composition
      • Utilities Other
    • Property Features
      • Acreage 0.54
      • Parking Features On Street
      • Sewer City/Public
      • Water Source Public
    • Schools
      • Elementary School Warford
      • High School Ruskin
      • Middle School Smith-Hale

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $649,000
    3/16/2024 3:02:00 AM New in Database Source: Multiple Listing Service New Value: $649,000

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    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 RE/MAX Kansas-Missouri do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. Listing Information last updated 5/1/2024 2:03:37 PM PST. 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. Read Listing Data Terms of Use


    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.