1208 West White Oak Street

Independence, MO 64050

$695,000
Price
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Description

Major price reduction. Seller wants to sell! Over an 8% cap rate as-is! Get to 10% cap rate by placing program/voucher tenants in remaining units. This is a package of 13 doors across 2 buildings - 1208 W. White Oak Street (5 plex), 423 N. Spring Street/317 W. Farmer Street (8 plex), Independence, MO (All located less than a mile from each other). Experience exceptional cash flow, low price per unit yet in a suburban setting. Continue to build wealth by cash flowing, increasing rents using program-based...Major price reduction. Seller wants to sell! Over an 8% cap rate as-is! Get to 10% cap rate by placing program/voucher tenants in remaining units. This is a package of 13 doors across 2 buildings - 1208 W. White Oak Street (5 plex), 423 N. Spring Street/317 W. Farmer Street (8 plex), Independence, MO (All located less than a mile from each other). Experience exceptional cash flow, low price per unit yet in a suburban setting. Continue to build wealth by cash flowing, increasing rents using program-based tenants (Swope Health, ReStart, etc...), and maintaining property. As Kansas City continues to appreciate so will Independence. Hold for 5-10 years and expand your real estate portfolio. Implement bill back programs and reduce owner-paid utilities with LED lighting, low flow toilets, and more. Rare exceptional in place income and cap rate. Lots of recent CapEx - new windows (all units!) new roof (1 building), partial roof replacement (one building), new exterior paint (both buildings), new flooring and paint as units have turned and time has allowed. See supplements for owner expense statement, rent roll, proposed business plan, insurance quote, detailed building information and more. Tenants can walk to historic downtown Independence where there are bustling shops, entertainment, farmers market, bars, restaurants and more. No seller financing or assumable debt. Buildings must be sold together.
  1. Listed by Alex Olson • XChangeCRE • 816-591-0825

Property Details for 1208 West White Oak Street

Zoning
Res

Location

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LISTING UPDATED: 03/27/2024 11:13 AM

Property Details for 1208 West White Oak Street

StatusActive
MLS #2476238
Days on Market52
Taxes$6,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income / Package of Properties
Year Built1925
Lot Size0.04 AC / 1,798 SF
CountyJackson County

Location

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Building Information for 1208 West White Oak Street

Stories2Residences13Year Built1925Lot Size0.04 AC / 1,798 SF

Payment Calculator

$4,293 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,793

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1208 West White Oak Street

Summary
Location and General Information
  • City: Independence
  • County Or Parish: Jackson
  • Directions: W. Truman Road to Chrystler Avenue, turn right on White Oak (on the corner). 423 N. Spring Street & 317 W. Farmer Street -- next door to each other. 1208 W. White Oak -- a few blocks to the west of other two properties (less than a mile)
  • Latitude: 39.095338
  • Longitude: -94.431078
  • MLS Area Major: 206 - Independence Area
  • Postal Code: 64050
  • State Or Province: MO
  • Subdivision Name: Forbis Park
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $6,000.00
  • Parcel Number: 26-310-25-34-00-0-00-000
  • Tax Annual Amount: $6,000.00
School Information
  • High School District: Independence
Parking
  • Garage: Yes
  • Parking Features: Off Street, On Street
Property
Lot Information
  • Lot Size Area: 1,798.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 1,798.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Vinyl Siding, Wood Siding
  • Documents Available: Financial Details,Lease Agreements,Management Agree,Service Contracts
  • Documents Count: 7
  • Age Description: 76-100 Years
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 37
  • Year Built: 1925
Utilities
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Ind Water Heaters
  • Water Source: City/Public - Verify
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,3 Bedroom,Other Unit
  • Cooling: Window Unit(s)
  • Central Air YN: No
  • Heating: Baseboard, Wall Furnace
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Gross Income: $140,654.00
  • Maintenance Provided YN: 0
  • Operating Expense: $62,541.00
  • Operating Expense Includes: Accounting, Advertising, Utilities, Electricity, Exterminator, Maintenance, Other, Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Water/Sewer
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Type: Studio
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 8
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Rental
Rent Information
  • Current Occupancy Rate: 90-95%
  • Deposit: Superior Title
  • Existing Lease Terms: Month To Month,One Year Lease

Property History for 1208 West White Oak Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1208 West White Oak Street

This home is within Independence 30 School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Bryant Elementary School
PublicPK to 5

Bingham Middle School
Public7 to 8

William Chrisman High School
Public9 to 12

Independence Academy
Public9 to 12

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.

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1208 West White Oak Street is for sale in Independence, MO 64050. This property was listed for sale on March 6, 2024 by XChangeCRE, it's currently listed at $695,000. This listing's school district is Independence 30 School District. Nearby schools include Bryant Elementary School, Bingham Middle School and William Chrisman High School. 1208 West White Oak Street is a 0-bed, 0-bath, built in 1925.

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 XChangeCRE

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.