106 Saratoga Avenue, Excelsior Springs, MO 64024
Local realty services provided by:ERA McClain Brothers
106 Saratoga Avenue,Excelsior Springs, MO 64024
$1,150,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: simmonssales team, jake simmons
Office: re/max area real estate
MLS#:2607450
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,150,000
About this home
Divine Property Management, LLC presents a 7-property residential investment portfolio totaling 9 rental units located in Excelsior Springs and Clay County, Missouri. The portfolio includes six single-family rental homes and one triplex, and is being offered as a single package sale at $1,150,000. Properties included: 51 N Emerson St (Kansas City); 404 Salem Rd (EXSP); 236 Valley St (EXSP); 1123 St Louis Ave (EXSP); 1125 St Louis Ave (EXSP); 1249 St Louis Ave (EXSP); and 106 Saratoga Ave (EXSP-Triplex). The portfolio currently includes eight occupied units with one vacancy. All six single-family homes are leased, while the triplex at 106 Saratoga Ave has two units leased and one unit actively being marketed for rent. Based on current leases, the portfolio generates $102,900 in scheduled annual rental income. Annual operating expenses primarily consist of property taxes ($6,817) and insurance ($7,697) for total annual expenses of approximately $14,514.00, resulting in an estimated current net operating income of approximately $88,386.00. The properties are owner-managed, with no third-party property management currently in place. The triplex at 106 Saratoga Ave participates in the Excelsior Springs Chapter 353 Tax Abatement District. This offering provides investors the opportunity to acquire nine residential rental units through one coordinated acquisition rather than assembling individual properties separately. Portfolio is being offered as a PACKAGE SALE ONLY, with supporting financial documentation available for investor and lender review during the due diligence period....
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Home facts
- Year built:1900
- Listing ID #:2607450
- Added:11 day(s) ago
- Updated:March 29, 2026 at 02:22 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
- Construction Materials:Frame
Utilities
- Water:City/Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,150,000
Features and amenities
- Appliances:Dishwasher, Refrigerator
Parking
- Parking description:Attached, Detached, Off Street
- Garage:Yes
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