Two Fourplex Buildings – Great Investment Opportunity

Asking

Updated: May 2nd 2023

  • Original asking price was $445k and $550k – SDI is trying to negotiate w/ seller on $390k + $510k
  • IMPORTANT: Seller will only agree to this price ($390k + $510k) if we present him with buyers for both 4-plexes. We are working on locating 2 buyers for both (ie buyer for each) OR 1 buyer that will buy both.
  • Two 4-plex buildings next to each other in Kansas City and gain INSTANT EQUITY per appraisal!
  • All units are mirrored floor plans and have recently been remodeled.
  • All units are fully rented out. 8010 – 2 bed, 2 bath units. 8020- 2bed, 1bath units.
  • The fridge, range, and dishwasher are to stay in each unit. HVAC systems are 2015 models.
  • The basement provides storage areas for individual units and a laundry room.

Building 2 – Year-to-date income/expenses

Date UnitDescription Amount 
1/1/2023Unit BRent Payment$875.00
1/1/2023Unit DRent Payment$854.00
1/1/2023Unit DPrepayment Application($854.00)
1/2/2023Unit CRent Payment$616.00
1/3/2023Unit CBill($195.00)
1/3/2023Unit CRent Payment$218.00
1/3/2023Unit CRent Payment$232.00
1/5/2023Unit ABill($168.00)
1/13/2023Unit ABill($145.00)
1/13/2023Unit ABill($68.00)
1/13/2023Unit ABill($54.43)
1/13/2023Unit BBill($54.43)
1/13/2023Unit CBill($49.21)
1/13/2023Unit CBill($54.43)
1/13/2023Unit DBill($69.95)
1/13/2023Unit DBill($54.43)
1/31/2023Unit CBill($272.16)
2/1/2023Unit BRent Payment$475.00
2/2/2023Unit ABill($239.00)
2/3/2023Unit CRent Payment$10.00
2/3/2023Unit CRent Payment$242.00
2/3/2023Unit CRent Payment$13.00
2/4/2023Unit DRent Payment$854.00
2/6/2023Unit CRent Payment$616.00
2/8/2023Unit BRent Payment$400.00
2/9/2023Unit ABill($54.43)
2/9/2023Unit ABill($272.16)
2/9/2023Unit BBill($54.43)
2/9/2023Unit CBill($54.43)
2/9/2023Unit DBill($54.43)
2/10/2023Unit ABill($285.00)
2/14/2023Unit ABill($45.00)
2/14/2023Unit ARent Payment$805.00
2/14/2023Unit ARent Payment$805.00
3/1/2023Unit ABill($54.43)
3/1/2023Unit ABill($68.00)
3/1/2023Unit BBill($54.43)
3/1/2023Unit CBill($54.43)
3/1/2023Unit DBill($54.43)
3/1/2023Unit CRent Payment$229.00
3/1/2023Unit CRent Payment$21.00
3/1/2023Unit CRent Payment$13.00
3/1/2023Unit CPrepayment Application($13.00)
3/1/2023Unit BRent Payment$875.00
3/3/2023Unit ABill($89.00)
3/4/2023Unit DRent Payment$854.00
3/6/2023Unit CRent Payment$616.00
3/10/2023Unit ABill($50.00)
3/14/2023Unit ABill($36.00)
3/30/2023Unit BBill($272.16)
3/31/2023Unit ABill($217.59)
3/31/2023Unit ABill($45.00)
3/31/2023Unit ABill($45.00)
3/31/2023Unit BBill($168.00)
4/1/2023Unit ABill($54.43)
4/1/2023Unit BBill($54.43)
4/1/2023Unit CBill($54.43)
4/1/2023Unit DBill($54.43)
4/1/2023Unit CRent Payment$616.00
4/1/2023Unit CRent Payment$221.00
4/1/2023Unit CRent Payment$29.00
4/1/2023Unit CRent Payment$21.00
4/1/2023Unit CPrepayment Application($21.00)
4/3/2023Unit BRent Payment$875.00
4/5/2023Unit DRent Payment$854.00
4/7/2023Unit BBill($89.99)
4/11/2023Unit BBill($338.02)
4/12/2023Unit ABill($350.00)
4/14/2023Unit ABill($625.00)
4/14/2023Unit ABill($93.75)
4/14/2023Unit ABill($250.00)
4/14/2023Unit CBill($134.00)
5/1/2023Unit CRent Payment$29.00
5/1/2023Unit CPrepayment Application($29.00)
  • Updated On:
  • January 24, 2024
Property Id : 57729
Property Size: 4,492.00 ft2
Property Lot Size: 10,890.00 ft2
Rooms: 24
Bedrooms: 8
Bathrooms: 8
Year Built: 1965
External Construction: Brick
Roofing: Synthetic
Rent (mo): 4800
ROI (ann): 25.7
Cashflow (mo): 703
Property Taxes (mo): 410
Insurance (mo): 150
Repairs (mo): 75
Management Fee (mo): 301
Leasing Fee (ann): 120.9
HOA (mo): 0
Vacancy Rate (ann): 4
Other Features
back yard
deck
fireplace
Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals
$ 1.00
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 0.00

Property Reviews

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Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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