518 Southeast Richardson Place

Lee's Summit, MO 64063

$1,350,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Unique opportunity to purchase a long standing cash flow package of 5 single family homes in Raytown and Lees Summit with long term tenants and value add opportunity. Owner has been hands on with deferred maintenance and so many updates in the houses throughout. All of them located within 10 miles from one another. Mechanicals have been well taken care of throughout. All tenants would like to stay in the properties. Do not disturb the tenants without proper notification. Seller will not sell individually...Unique opportunity to purchase a long standing cash flow package of 5 single family homes in Raytown and Lees Summit with long term tenants and value add opportunity. Owner has been hands on with deferred maintenance and so many updates in the houses throughout. All of them located within 10 miles from one another. Mechanicals have been well taken care of throughout. All tenants would like to stay in the properties. Do not disturb the tenants without proper notification. Seller will not sell individually and will only sell as a package.
  1. Listed by Ashley Kendrick • Chartwell Realty LLC • 816-699-7566

Property Details for 518 Southeast Richardson Place

Zoning
R

Location

Listing Courtesy of Chartwell Realty LLC
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LISTING UPDATED: 04/14/2024 07:24 AM

Property Details for 518 Southeast Richardson Place

StatusActive
MLS #2482427
Days on Market17
Taxes$10,926 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income / Package of Properties
Year Built1980
Lot Size0.21 AC / 9,183 SF
CountyJackson County

Location

Listing Courtesy of Chartwell Realty LLC
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Building Information for 518 Southeast Richardson Place

Stories2Residences5Year Built1980Lot Size0.21 AC / 9,183 SF

Payment Calculator

$8,278 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$911

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 518 Southeast Richardson Place

Summary
Location and General Information
  • City: Lee's Summit
  • County Or Parish: Jackson
  • Directions: From 50 and 291 go north on 291 and then east on SE 5th terrace and then south on Richardson Place to Home
  • Latitude: 38.908349
  • Longitude: -94.358395
  • MLS Area Major: 204 - Lee's Summit Area
  • Postal Code: 64063
  • State Or Province: MO
  • Subdivision Name: Bayberry
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $10,926.00
  • Parcel Number: 61-510-06-29-00-0-00-000
  • Tax Annual Amount: $10,926.00
School Information
  • High School: Lee's Summit
  • High School District: Lee's Summit
  • Elementary School: Prairie View
  • Middle School: Pleasant Lea
Parking
  • Garage: Yes
  • Parking Features: Attached
Property
Lot Information
  • Lot Size Area: 9,183.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 9,183.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick Trim, Vinyl Siding
  • Documents Available: Financial Details,Lease Agreements
  • Documents Count: 5
  • Age Description: 41-50 Years
  • FEMA 100 Yr Flood Plain: Unknown
  • Legal Description: RES BAYBERRY PT LOT 13 & PT TR D LOT 12
  • Special Documents Required YN: 0
  • Type Of Management: Owner Manager
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 9
  • Year Built: 1980
Utilities
  • Sewer: City/Public
  • Utilities: 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: Dishwasher, Disposal, Dryer, Refrigerator, Built-In Electric Oven, Washer
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 3 Bedroom,4 Bedroom Or More
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Natural Gas
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Gross Income: $100,020.00
  • Maintenance Provided YN: 0
  • Operating Expense: $16,847.00
  • Operating Expense Includes: Insurance, Real Estate Tax
Unit 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Type: 4 Bedroom Or More
Unit 5
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: Security 1st
  • Existing Lease Terms: Month To Month,One Year Lease

Property History for 518 Southeast Richardson Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 518 Southeast Richardson Place

Taxable ValueLand$6,815Additions$30,972Total$37,787
Tax Record2023$2,709 ($226 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,647 SqFtAbove Grade Finished SqFt1,170 SqFtFinished Basement SqFt477 SqFtStories1Lot Size9,148 SqFtStyleSingle Family ResidenceYear Built1980CountyJACKSONAPN61-510-06-29Fireplace TypeHas Fireplace

Schools near 518 Southeast Richardson Place

This home is within Lee's Summit R-Vii School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Prairie View Elementary School
PublicK to 6

Pleasant Lea Middle School
Public7 to 8

Lee's Summit Senior High School
Public9 to 12

Miller Park Center
PublicK 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.

Similar Homes

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518 Southeast Richardson Place is for sale in Lee's Summit, MO 64063. This property was listed for sale on April 12, 2024 by Chartwell Realty LLC, it's currently listed at $1,350,000. It has been on the market for a total of 17 days and was last sold on September 22, 2014. This listing's school district is Lee's Summit R-Vii School District. Nearby schools include Prairie View Elementary School, Pleasant Lea Middle School and Lee's Summit Senior High School. 518 Southeast Richardson Place is a 0-bed, 0-bath, built in 1980.

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 Chartwell Realty LLC

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.