11268 Bales Avenue Kansas City, MO 64137
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.
- Property TypeMulti-Family
- NeighborhoodTerrace Manor
- CountyJackson
- Taxes$9,257
- HOA/Condo/Coop Fees$0
- Days on Site63 Days
- MLS StatusActive
- MLS ID Number2472899
- Home Size Source N/A
- Year Built1976
- Lot Size0.545 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction ConcreteWood Siding
- Parking On Street
- Number of Stories 2
- Water Public
- Property Sub Type Quadruplex
- Utilities Other
- Zoning Residential
- Sewer City/ Public
Interior Features
- Cooling Other
- Heating Forced Air
Exterior Features
- Roof CompositionWood Shingle
- Construction Details ConcreteWood Siding
Community Features
- Association Dues 0
- MLS Area 203 - South K.C. Mo/Grandview Area