717 South Prairie Street

Liberty, MO 64068

$995,000
Price
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Beds
—Sq. Ft.
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Sq. Ft.
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per Sq. Ft.

Description

MAJOR PRICE REDUCTION - see updated financials and updated projected business plan. 9 unit apartment building all under one roof. 8 2BR and 1 Studio. 5 units are large 2 story apartments. LOTS of upgrades - LVP flooring, vanities, counters, washer and dryer in EACH unit. NEW ROOF, many new AC, furnace, water heaters and more. See cap ex schedule. Great in place rents with ability to grow (see rent study). All units have their own exterior entrance which gives them privacy and a sense of ownership...MAJOR PRICE REDUCTION - see updated financials and updated projected business plan. 9 unit apartment building all under one roof. 8 2BR and 1 Studio. 5 units are large 2 story apartments. LOTS of upgrades - LVP flooring, vanities, counters, washer and dryer in EACH unit. NEW ROOF, many new AC, furnace, water heaters and more. See cap ex schedule. Great in place rents with ability to grow (see rent study). All units have their own exterior entrance which gives them privacy and a sense of ownership - these tenants tend to stay longer. Exceptionally low owner expenses. Separately metered water, gas, and electric for all units (other than studio). See profit and loss statement for low owner expenses. Class A sub-market of Kansas City in Liberty, MO. Amazing access for tenants to go anywhere in the metro, take advantage of great school system and all that Liberty and KC has to offer.
  1. Listed by Alex Olson • Legendary Apartment Brokers • 816-591-0825

Property Details for 717 South Prairie Street

Zoning
multi
LISTING UPDATED: 12/01/2024 08:10 PM

Property Details for 717 South Prairie Street

StatusPending
MLS #2493174
Days on Market165
Taxes$5,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1955
CountyClay County

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Building Information for 717 South Prairie Street

Building/Complex717 S Prairie StFloor-Stories2Residences9Pet Policy-Year Built1955Building Size-

Property Information for 717 South Prairie Street

Summary
Location and General Information
  • City: Liberty
  • County Or Parish: Clay
  • Directions: Take 291 N. Turn right on S. Prairie Street.
  • Latitude: 39.237244
  • Longitude: -94.422933
  • MLS Area Major: 106 - Liberty City Limits
  • Zip Code: 64068
  • State Or Province: MO
  • Subdivision: Other
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $5,200.00
  • Parcel Number: 15-406-00-01-030.00
  • Tax Annual Amount: $5,200.00
School Information
  • High School District: Liberty
Parking
  • Garage: No
  • Parking Features: Off Street
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Property
Lot Information
  • Lot Size Area: 19,166.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 19,166.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick & Frame
  • Documents Available: Financial Details, Lease Agreements, Service Contracts
  • Documents Count: 6
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: BARCLAY ADDITION LT 1 & PT CITY BLK 66 SEC 18 BEG SW COR LT 1, E100, N30, E60, N125, W60, S50, W100, S105 TO POB
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 21
  • Year Built: 1955
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total: 0
  • Unit Type: 1 Bedroom, 2 Bedroom, Efficiency
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Natural Gas
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Gross Income: $123,540.00
  • Maintenance Provided YN: No
  • Operating Expense: $35,088.00
  • Operating Expense Includes: Accounting, Advertising, Utilities, Exterminator, Maintenance, Insurance, Property Mgmt, Real Estate Tax, Refuse Collection
Unit 1
  • Unit Type: Unit SQFT: 1000
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 5
Unit 2
  • Unit Type: Baths Total: 1
  • Unit Type: Type: Efficiency
  • Unit Type: Units Total: 1
Unit 3
  • Unit Type: Unit SQFT: 700
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 3
Rental
Rent Information
  • Current Occupancy Rate: Over 95%
  • Deposit: Superior Title and Escrow
  • Existing Lease Terms: One Year Lease

Property History for 717 South Prairie 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 717 South Prairie Street

Taxable ValueLand-Additions-Total-
Tax Record2023$4,630 ($386 / month)
Home Facts
Beds0Stories2Lot Size19,166 SqFtStyleSingle Family ResidenceYear Built1955CountyCLAYAPN15-406-00-01-030-00

Schools near 717 South Prairie 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.

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Legendary Apartment Brokers

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.