Blue Springs, MO 64015,903 SW Jones ST
Blue Springs, MO 64015,903 SW Jones ST
Blue Springs, MO 64015,903 SW Jones ST
Blue Springs, MO 64015,903 SW Jones ST
Blue Springs, MO 64015,903 SW Jones ST
Blue Springs, MO 64015,903 SW Jones ST
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Listed by George Medina • ReeceNichols Brookside

$350,000

$350,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6,673 Sqft Lot


SOLD DATE : 11/13/2023

Key Details

Sold Price $350,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Other

MLS Listing ID 2455278

Sold Date 11/13/23

Year Built 1972

Annual Tax Amount $2,942

Lot Size 6,673 Sqft

Acres 0.153191

Property Description

Blue Springs quadplex priced to sell, even for the financed buyer! Property in a good location? CHECK. Is it structurally solid with newer components/systems? CHECK. Will it cash flow? CHECK. So many factors make this an excellent opportunity for your investor or owner occupied buyer. Inspections performed a year ago, and checked out EXTREMELY clean. 2 year old roof, 6 year old HVACs, and 7 year old windows! All four are large single bedroom units. Two of the four have been remodeled (one full and one partial) with amazing tenants. Current landlord decided to part ways with other two (previously long-term) tenants with last one leaving at the end of September, creating perfect opportunity for easy remodel, lifted rent, and clearing amazing cash flow! Previous owner did not push the envelope on increasing rents to correspond with market inflation, but current owner started that process.. Rentometer shows avg. 1/1 apartments at $1,000/mo. (see supplements for report). Lease at a conservative $900/mo. for 10% cap rate AND cash on cash return! ALL expenses covered by TENANTS. Location is impeccable, only a minute from all the downtown Blue Springs shops and restaurants. Come check out this exceptional 4plex and add to your portfolio!

Location

State MO

County Jackson

Rooms

Basement false

Interior

Heating Natural Gas

Cooling Electric

Fireplace N

Appliance Disposal, Refrigerator, Built-In Electric Oven, Free-Standing Electric Oven

Exterior

Garage false

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

Roof Type Composition

Building

Story 2

Water Public

Structure Type Brick

Schools

School District Blue Springs

Others

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

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Heartland MLS KS / Southeast Kansas AOR
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