11268 Bales Avenue

Kansas City, MO 64137

$649,000
Price
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Description

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...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.
  1. Listed by Just Say Home KC Team • Keller Williams Platinum Prtnr • 816-665-9920
  2. Listed by Jennifer Smeltzer • Keller Williams Platinum Prtnr

Property Details for 11268 Bales Avenue

Zoning
Residential

Location

Listing Courtesy of Keller Williams Platinum Prtnr
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LISTING UPDATED: 04/16/2024 05:26 PM

Property Details for 11268 Bales Avenue

StatusActive
MLS #2472899
Days on Market43
Taxes$9,257 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1976
Lot Size0.55 AC / 23,749 SF
CountyJackson County

Location

Listing Courtesy of Keller Williams Platinum Prtnr
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Building Information for 11268 Bales Avenue

Stories2Residences4Year Built1976Building Size-Lot Size0.55 AC / 23,749 SF

Payment Calculator

$4,313 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,542

Property Taxes

$771

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11268 Bales Avenue

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: Take US Highway 71 S, Continue onto I-49, Take exit 182 turn right onto Red Bridge Road. Turn left on Cleveland. Turn right onto 112th Street, Continue straight onto Bridge Manor Drive, Turn Right onto Bales Road. The first property on the left side.
  • Latitude: 38.921333
  • Longitude: -94.55027
  • MLS Area Major: 203 - South K.C. Mo/Grandview Area
  • Postal Code: 64137
  • State Or Province: MO
  • Subdivision Name: Terrace Manor
Taxes and HOA Information
  • HOA Fee: $.00
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $9,257.00
  • Parcel Number: 64-340-04-60-00-0-00-000
  • Tax Annual Amount: $9,257.00
School Information
  • High School: Ruskin
  • High School District: Hickman Mills
  • Elementary School: Warford
  • Middle School: Smith-Hale
Parking
  • Garage: No
  • Parking Features: On Street
Property
Lot Information
  • Building Area Total: 4492.0
  • Lot Size Area: 23,749.00
  • Lot Size Dimensions: 23749
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 23,749.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Concrete, Wood Siding
  • Documents Count: 6
  • Age Description: 41-50 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: TERRACE MANOR 3RD PLAT---LOT 3 BLK 2
  • Special Documents Required YN: 0
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 57
  • Year Built: 1976
Utilities
  • Sewer: City/Public
  • Utilities: Other
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Wood Shingle
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 4 Bedroom Or More
  • Cooling: Other
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $132,651.00
  • Operating Expense: $54,152.00
  • Operating Expense Includes: Other, Insurance, Property Mgmt, Real Estate Tax
Unit 1
  • Unit Type Unit Half Baths: 1
  • Unit Type Unit Rooms: 1
  • Unit Type Baths Total: 1
Unit 2
  • Unit Type Unit Half Baths: 1
  • Unit Type Unit Rooms: 1
  • Unit Type Baths Total: 1
Unit 3
  • Unit Type Unit Half Baths: 1
  • Unit Type Unit Rooms: 1
  • Unit Type Baths Total: 1
Unit 4
  • Unit Type Unit Half Baths: 1
  • Unit Type Unit Rooms: 1
  • Unit Type Baths Total: 1
Unit 5
  • Unit Type Unit Rooms: 1
Rental
Rent Information
  • Deposit: Continental Title
  • Existing Lease Terms: None

Property History for 11268 Bales Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11268 Bales Avenue

Taxable ValueLand$7,585Additions$101,318Total$108,903
Tax Record2023$9,257 ($771 / month)
Home Facts
Baths10Total Finished SqFt4,664 SqFtAbove Grade Finished SqFt4,664 SqFtStories2Lot Size23,958 SqFtStyleQuadraplexYear Built1976CountyJACKSONAPN64-340-04-60

Schools near 11268 Bales Avenue

This home is within Hickman Mills C-1 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Warford Elementary School
PublicK to 5

Ruskin High School
Public9 to 12

Ervin Early Learning Center
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11268 Bales Avenue is a multi-family home for sale in Kansas City, MO 64137. This property was listed for sale on March 15, 2024 by Keller Williams Platinum Prtnr, it's currently listed at $649,000. This listing's school district is Hickman Mills C-1 School District. Nearby schools include Warford Elementary School, Ruskin High School and Ervin Early Learning Center. 11268 Bales Avenue is a 0-bed, 0-bath, multi-family home built in 1976.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Platinum Prtnr

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.