623 Gallatin Street

Liberty, MO 64068

$990,000
Price
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Beds
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Sq. Ft.
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per Sq. Ft.

Description

Investment Opportunity in Liberty, MO: Six (6) townhomes nestled in the highly sought-after area of Liberty, Missouri. Strategically positioned for optimal returns, these townhomes boast a prime location adjacent to downtown Liberty, ensuring high tenant demand. With the potential to sell off individually post-acquisition (see sales comps in supplements), investors can unlock immediate profits while also capitalizing on opportunities to increase rental rates and undertake rehabilitation projects...Investment Opportunity in Liberty, MO: Six (6) townhomes nestled in the highly sought-after area of Liberty, Missouri. Strategically positioned for optimal returns, these townhomes boast a prime location adjacent to downtown Liberty, ensuring high tenant demand. With the potential to sell off individually post-acquisition (see sales comps in supplements), investors can unlock immediate profits while also capitalizing on opportunities to increase rental rates and undertake rehabilitation projects for enhanced profitability. Four out of the six units have already been rehabbed, while the remaining units present a perfect canvas for improvement. Each spacious townhome spans approximately 1,800 square feet (including basements), promising ample space for tenants and enabling potential rent hikes. Enjoy strong day-one cash flow and minimal owner expenses, making this property an ideal addition to any investment portfolio. Whether seeking immediate returns or long-term wealth accumulation, this property offers limitless potential for discerning investors. Each unit is individually parceled. HOA has very low HOA fees and covers ALL EXTERIOR costs including roofs, siding, driveways, hazard insurance etc... Tenants pay ALL of their own utilities including trash, water, gas electric, etc... Seller pays HOA and any maintenance fee. Low taxes and very low insurance for owners (HOA covers building hazard insurance). This is potentially a low effort owner investment in a Class A sub market of Kansas City in Liberty MO. See quick facts document for additional details. Addresses for sale are as follows: 623 N Gallatin, Liberty, MO 64086
625 N Gallatin, Liberty, MO 64086
627 N Gallatin, Liberty, MO 64086
631 N Gallatin, Liberty, MO 64086
633 N Gallatin, Liberty, MO 64086
102 Crawford Street, Liberty, MO 64086
  1. Listed by Alex Olson • XChangeCRE • 816-591-0825

Property Details for 623 Gallatin Street

Zoning
MF

Location

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LISTING UPDATED: 04/16/2024 02:01 PM

Property Details for 623 Gallatin Street

StatusActive
MLS #2482227
Days on Market14
Taxes$5,200 / year
HOA Fees$1,050 / month
Condo/Co-op Fees-
Compass TypeOther
MLS TypeResidential Income / Package of Properties
Year Built1985
Lot Size0.11 AC / 5,000 SF
CountyClay County

Location

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Building Information for 623 Gallatin Street

Stories2Residences6Year Built1985Lot Size0.11 AC / 5,000 SF

Payment Calculator

$6,886 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,403

Property Taxes

$433

HOA Dues

$1,050

The Payment Calculator is for illustrative purposes only.

Property Information for 623 Gallatin Street

Summary
Location and General Information
  • City: Liberty
  • County Or Parish: Clay
  • Directions: Nashua Rd to Gallatin Street - Located in the cul-de-sac
  • Latitude: 39.254386
  • Longitude: -94.420942
  • MLS Area Major: 106 - Liberty City Limits
  • Postal Code: 64068
  • State Or Province: MO
  • Subdivision Name: Gallatin Plaza
Taxes and HOA Information
  • HOA Fee: $1,050.00
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $5,200.00
  • Parcel Number: 15-110-00-08-006.00
  • Tax Annual Amount: $5,200.00
School Information
  • High School District: Liberty
Parking
  • Garage: No
  • Parking Features: Attached, Garage, Off Street, Paved
Virtual Tour
Property
Lot Information
  • Lot Size Area: 5,000.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 5,000.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Wood Siding
  • Documents Available: Financial Details,Lease Agreements,Management Agree
  • Documents Count: 5
  • Age Description: 31-40 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: 19
  • Year Built: 1985
Utilities
  • Sewer: Public/City
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Laundry Features: Inside
  • Patio And Porch Features: Deck, Covered Deck
  • Road Responsibility: Private Maintenance
  • Road Surface Type: Paved
  • Roof: Composition
Interior Features
  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 3 Bedroom,4 Bedroom Or More
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Electric
  • Interior Features: Apply To All Units, Private Entry
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Gross Income: $71,686.00
  • Maintenance Description: Building Exterior,Lawn,Roof Repair,Roof Replace,Snow Removal,Street
  • Maintenance Provided YN: 1
  • Operating Expense: $16,951.00
  • Operating Expense Includes: Accounting, Advertising, Utilities, Electricity, Exterminator, Maintenance, Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Water/Sewer
Unit 1
  • Unit Type Unit Half Baths: 1
  • Unit Type Baths Total: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 5
Unit 2
  • Unit Type Baths Total: 2
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: Superior Title
  • Existing Lease Terms: One Year Lease

Property History for 623 Gallatin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 623 Gallatin Street

Taxable ValueLand-Additions-Total-
Tax Record2023$722 ($60 / month)
Home Facts
Beds3Total Finished SqFt1,170 SqFtAbove Grade Finished SqFt1,170 SqFtStories2Lot Size2,178 SqFtStyleSingle Family ResidenceYear Built1981CountyCLAYAPN15-110-00-08-006-00Fireplace TypeHas Fireplace

Schools near 623 Gallatin Street

This home is within Liberty 53 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ridgeview Elementary School
PublicK to 5

HERITAGE MIDDLE SCHOOL
Public6 to 8

Liberty North High School
Public9 to 12

Liberty 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.

Similar Homes

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Similar Sold Homes

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623 Gallatin Street is for sale in Liberty, MO 64068. This property was listed for sale on April 15, 2024 by XChangeCRE, it's currently listed at $990,000. This listing's school district is Liberty 53 School District. Nearby schools include Ridgeview Elementary School, HERITAGE MIDDLE SCHOOL and Liberty North High School. 623 Gallatin Street is a 0-bed, 0-bath, built in 1985.

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.