1208 West White Oak Street
1208 West White Oak Street
$695,000
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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.
- Listed by Alex Olson • XChangeCRE • 816-591-0825
Property Details for 1208 West White Oak Street
Zoning
Res
Location
LISTING UPDATED: 03/27/2024 11:13 AM
Property Details for 1208 West White Oak Street
Status | Active |
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MLS # | 2476238 |
Days on Market | 52 |
Taxes | $6,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Residential Income / Package of Properties |
Year Built | 1925 |
Lot Size | 0.04 AC / 1,798 SF |
County | Jackson County |
Location
Building Information for 1208 West White Oak Street
Stories2Residences13Year Built1925Lot Size0.04 AC / 1,798 SF
Payment Calculator
$4,293 per month
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Property Information for 1208 West White Oak Street
Property History for 1208 West White Oak Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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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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