401-407 South Forest Avenue

Sugar Creek, MO 64054

$485,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to Sugar Creek, Missouri, where an exceptional opportunity awaits in the form of a meticulously maintained 4plex complemented by an additional plot of land primed for development! Nestled within this burgeoning community, this multifamily gem showcases a blend of two and three-bedroom units, with approximately 75% of the property boasting recent renovations. Step inside to discover a harmonious fusion of modern convenience and timeless charm, with upgrades including new flooring, stainless...Welcome to Sugar Creek, Missouri, where an exceptional opportunity awaits in the form of a meticulously maintained 4plex complemented by an additional plot of land primed for development! Nestled within this burgeoning community, this multifamily gem showcases a blend of two and three-bedroom units, with approximately 75% of the property boasting recent renovations. Step inside to discover a harmonious fusion of modern convenience and timeless charm, with upgrades including new flooring, stainless steel appliances, updated AC units, tastefully remodeled bathrooms, and a fresh coat of paint throughout. Whether you're a savvy investor seeking to expand your portfolio or a discerning homeowner with an eye for value, this property presents an enticing proposition. With its strategic location and income potential, it's tailor-made for a house hacker looking to offset mortgage costs while enjoying the benefits of multifamily ownership. But the allure doesn't end there. Adjacent to the existing 4plex lies a blank canvas of land, perfectly positioned for the construction of six additional duplexes. Imagine the possibilities of creating your own enclave within this thriving community, tailored to meet the demands of today's discerning renters or homeowners. Conveniently situated in Sugar Creek, residents will relish easy access to a myriad of local amenities, including shopping, dining, parks, and top-rated schools, ensuring a lifestyle of both comfort and convenience. Don't miss out on this rare opportunity to own a piece of Sugar Creek's burgeoning real estate landscape. Seize the moment and make your mark with this unparalleled investment opportunity!
  1. Listed by Phillip Fetters • Executive Asset Realty • 913-708-4889

Property Details for 401-407 South Forest Avenue

Zoning
C-0

Location

Listing Courtesy of Executive Asset Realty
Add your commute
LISTING UPDATED: 03/27/2024 04:39 AM

Property Details for 401-407 South Forest Avenue

StatusActive
MLS #2474228
Days on Market61
Taxes$5,945 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1974
Lot Size1.79 AC / 77,952 SF
CountyJackson County

Location

Listing Courtesy of Executive Asset Realty
Add your commute

Building Information for 401-407 South Forest Avenue

Stories1Residences4Year Built1974Building Size-Lot Size1.79 AC / 77,952 SF

Payment Calculator

$3,142 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,647

Property Taxes

$495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 401-407 South Forest Avenue

Summary
Location and General Information
  • City: Sugar Creek
  • County Or Parish: Jackson
  • Directions: Take 435N to exit 59 toward Independence Ave. Merge onto US24E / E Winner Rd. Turn left onto S Forest Ave. Turn right onto E Lexington Ave. Turn right onto Riley Ln.
  • Latitude: 39.105587
  • Longitude: -94.43548
  • MLS Area Major: 206 - Independence Area
  • Postal Code: 64054
  • State Or Province: MO
  • Subdivision Name: Mc Cormick Add
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $5,945.00
  • Parcel Number: 15-930-14-10-00-0-00-000
  • Tax Annual Amount: $5,945.00
School Information
  • High School District: Independence
Parking
  • Garage: Yes
  • Parking Features: Attached, Garage, Off Street
Owner
  • Owner Name: Sugar Creek NB Investments LLC
Property
Lot Information
  • Building Area Total: 4464.0
  • Lot Size Area: 77,952.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 77,952.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Concrete, Wood Siding
  • Documents Available: Lease Agreements
  • Documents Count: 4
  • Age Description: 41-50 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: MCCORMICK LOTS 361-367 & 384-390
  • Special Documents Required YN: 0
  • Type Of Management: Owner Manager
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 9
  • Year Built: 1974
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Patio And Porch Features: Deck
  • Possession: Funding
  • Roof: Composition
Interior Features
  • Appliances: Microwave, Built-In Electric Oven, Stainless Steel Appliance(s)
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 2 Bedroom,3 Bedroom
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $48,000.00
  • Maintenance Provided YN: 0
  • Operating Expense: $5,945.00
  • Operating Expense Includes: Insurance, Real Estate Tax
Rental
Rent Information
  • Current Occupancy Rate: 90-95%
  • Deposit: Alliance Title
  • Existing Lease Terms: Month To Month,One Year Lease

Property History for 401-407 South Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 401-407 South Forest Avenue

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
Mill Creek 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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401-407 South Forest Avenue is a multi-family home for sale in Sugar Creek, MO 64054. This property was listed for sale on February 26, 2024 by Executive Asset Realty, it's currently listed at $485,000. This listing's school district is Independence 30 School District. Nearby schools include Mill Creek Elementary School, Bingham Middle School and William Chrisman High School. 401-407 South Forest Avenue is a 0-bed, 0-bath, multi-family home built in 1974.

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 Executive Asset Realty

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.