8705 East 63rd Street
Description
-Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly Submitted & Approved! -Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And Small Kitchen Set-up. In Addition, Property Has A New...RARE Like NEW CONSTRUCTION 10 Unit On In KCMO! No CapEX For YEARS! As Turnkey As They Come! DESCRIPTION:
-Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly Submitted & Approved! -Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And Small Kitchen Set-up. In Addition, Property Has A New R-13 Fire Suppression System And All Exterior Water Lines Replaced With 4" Lines. The Only Thing Original To The Property Is The Foundation! -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family! -The Location Of This Property Is IDEAL For Tenants... Right On A Bus Stop and Sits Right Across From: gas stations, thrift store, Grocery Store, Gym, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 10! (Unheard Of For Essentially New Construction)
INVESTMENT CHALLENGES:
-Property Is Unique In It's Layout Perfect For: Sober Living Homes, Group Homes, Vouchers Who Need An Onsite Person, Etc. -Since It Was Originally A Single Family Home, Each "Unit" Is Essentially A Bedroom With Full Bath, Its Own Mini-Split With Heat Pump & Thermostat, And A Common Area On The Main Floor. -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family! -The Location Of This Property Is IDEAL For Tenants... Right On A Bus Stop and Sits Right Across From: grocery store, gym, gas station, thrift store, and coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 8!
- Listed by Steven Soby • KW KANSAS CITY METRO • 913-775-0443
Property Details for 8705 East 63rd Street
Property Details for 8705 East 63rd Street
| Status | Active |
|---|---|
| MLS # | 2518737 |
| Days on Market | 41 |
| Taxes | $964 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Converted Residence |
| Year Built | - |
| Lot Size | 0.63 AC / 27,442 SF |
| County | Jackson County |
Building Information for 8705 East 63rd Street
Property Information for 8705 East 63rd Street
- City: Kansas City
- County Or Parish: Jackson
- Directions: From HWY 350 / Blue Pkwy: 63rd street exit; east on 63rd. Property is two doors down from gas station.
- Latitude: 39.009187
- Longitude: -94.483919
- MLS Area Major: 203 - South K.C. Mo/Grandview Area
- Zip Code: 64133
- State Or Province: MO
- Subdivision: Blue Ridge Woods
- Association Fee: $.00
- Association Fee Frequency: None
- Association: No
- Tax Abatement YN: No
- Tax Special Amount: 0
- Tax Annual Amount: $964.00
- Parcel Number: 999999
- Tax Annual Amount: $964.00
- High School District: Raytown
- Garage: No
- Parking Features: Paved
- Parking Total: 15.0
- Lot Size Area: .63
- Lot Size Source: Public Records
- Lot Size SqFt: 27,442.80
- Lot Size Units: Acres
- Construction Materials: Board/Batten
- Documents Available: Lease Agreements
- Documents Count: 0
- Age Description: 51-75 Years
- FEMA 100 Yr Flood Plain: Unknown
- Special Documents Required YN: 0
- Type Of Management: Owner Manager
- Listing Agreement: Exclusive Right To Sell
- Photos Count: 81
- Sewer: City/Public
- Utilities: Master Meters
- Electric: 150 Amp Service
- Water Source: Public
- Package: No
- Patio And Porch Features: Deck
- Road Surface Type: Paved
- Roof: Composition
- Appliances: Cooktop, Refrigerator
- Basement YN: Yes
- Bathrooms Total: 0
- Unit Type: Unknown
- Cooling: Other
- Central Air YN: Yes
- Heating: Heat Pump
- Stories Total: 2
- Number Of Units Total: 10
- Gross Income: $96,000.00
- Maintenance Provided YN: No
- Operating Expense: $17,000.00
- Operating Expense Includes: Utilities, Insurance, Real Estate Tax
- Unit Type: Unit Equipment: Hot Water Heater
- Unit Type: Unit Rent Includes: All Utilities,Lawn Maintenance,Snow Removal
- Unit Type: Baths Total: 1
- Unit Type: Type: Efficiency
- Unit Type: Units Total: 10
- Current Occupancy Rate: Over 95%
- Deposit: Superior Title
- Existing Lease Terms: One Year Lease
- Security Features: Fire Alarm, Fire Sprinkler System
Property History for 8705 East 63rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| 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.
Public Records for 8705 East 63rd Street
Schools near 8705 East 63rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 1 to 12 |
Rating | School | Distance |
|---|---|---|
Blue Ridge Elementary School PublicK to 5 | ||
Raytown Central Middle School Public6 to 8 | ||
Raytown South Sr. High School Public9 to 12 | ||
Raytown Education Center Public1 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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Listing Courtesy of KW KANSAS CITY METRO
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.
