106 Saratoga Avenue, Excelsior Springs, MO 64024
Local realty services provided by:ERA McClain Brothers
106 Saratoga Avenue,Excelsior Springs, MO 64024
$999,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: simmonssales team, jake simmons
Office: re/max area real estate
MLS#:2607450
Source:MOKS_HL
Price summary
- Price:$999,000
About this home
Divine Property Management, LLC presents a 6-property residential investment portfolio totaling 8 rental units located throughout Excelsior Springs and Kansas City, Missouri. Offered as a PACKAGE SALE ONLY at $999,000, the portfolio consists of five single-family rental properties plus one triplex. Properties include 51 N Emerson St, Kansas City; 236 Valley St, Excelsior Springs; 1123 St Louis Ave, Excelsior Springs; 1125 St Louis Ave, Excelsior Springs; 1249 St Louis Ave, Excelsior Springs; and 106 Saratoga Ave, Excelsior Springs, a 3-unit property. The portfolio is currently 100% occupied across all 8 rental units and generates $8,525 in current scheduled monthly revenue, or $102,300 annually, based upon current contractual base rents plus recurring monthly pet fees. Seller-supplied annual operating expenses reflected in the portfolio analysis include property taxes of $6,318.40 and insurance of $7,097.00, totaling $13,415.40 and producing a simplified NOI of approximately $88,884.60. At the $999,000 offering price, this equates to an approximate 8.90% simplified going-in capitalization rate based upon the supplied tax and insurance expenses. 106 Saratoga participates in the Excelsior Springs Chapter 353 Tax Abatement District and includes seller-owned coin-operated laundry equipment providing supplemental income not included in the scheduled rental revenue stated above. Portfolio is owner-managed with no third-party property management currently in place. This offering provides investors an opportunity to acquire 8 occupied residential rental units through one coordinated acquisition. Comprehensive portfolio memorandum, lease information, tax, insurance, utility/appliance and seller due-diligence disclosures are available for qualified investor review. Buyer to independently verify all financial, property, lease and operating information during contractual due diligence....
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Home facts
- Year built:1900
- Subdivision & Development:Other
- Listing ID #:2607450
- Added:193 day(s) ago
- Updated:September 27, 2026 at 02:17 PM
Rooms and interior
- Kitchen Description:Dishwasher, Refrigerator
- Basement:Yes
Heating and cooling
- Cooling:Electric, Window Unit(s)
- Heating:Forced Air Gas
Structure and exterior
- Roof:Composition, Metal, Tar/Gravel
- Year built:1900
- Lot area:1.53 Acres
- Construction Materials:Frame
Utilities
- Water:City/Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$999,000
Features and amenities
- Appliances:Dishwasher, Refrigerator
Parking
- Parking description:Attached, Detached, Off Street
- Garage:Yes
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