Address
106 Saratoga Avenue, Excelsior Springs, MO
Price
$ 999,000
Property Attributes
- MLS#2607450
- TypeMulti-Family
- Listing Status Active
- CountyCLAY
- CityExcelsior Springs
- Area107 - East of I-35 & South of Hwy 92
- Zip64024
- Style
- Year Built1900
- Taxes$ 6319
- Price$ 999,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.52998 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
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.
| Price History | |
|---|---|
| 3/17/2026 | Listed $1,150,000 |
| 7/29/2026 | 14$999,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Forced Air |
| Cooling | Electric,Window Unit(s) |
| Utilities | Other |
| Possession | Close Of Escrow |
| Roof | Composition,Metal,Tar/Gravel |
| Appliances | Dishwasher,Refrigerator,Electric Range |
| Zoning | Multi |
| Construction Materials | Frame |
| Year Built | 1900 |
| Property Subtype | Package of Properties |
| Assoc Fee Paid Per | None |
| County | Clay |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | Other |
| Garage Y/N | Yes |
| Status | Active |
| Directions | Begin at 51 N. Emerson Street,Kansas City,Missouri 64119. From N. Emerson Street,travel north and merge onto MO-210 East toward Excelsior Springs. Continue on MO-210 East for approximately 9 miles as |
| City | Excelsior Springs |
| High School District | Excelsior Springs |
| Number Of Units Total | 8 |
| MLS Area | 107 - East of I-35 & South of Hwy 92 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 66646.8 |
| Listing Terms | Cash,Conventional,Other |
| Public Remarks | 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 |
| Standard Status | Active |
| In Flood Plain | Unknown |
| HMS_MaintenanceProvidedYN | No |
Interior Features
| Total Stories | 3 |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Laundry Features | Central Laundry,Utility Room |
| Unit Type | 1 Bedroom,2 Bedroom,3 Bedroom |
Exterior Features
| Parking Features | Attached,Detached,Off Street |
|---|---|
| Water Source | Public |
| Lot Size Area | 1.53 |
| Road Surface Type | Paved |
| Road Responsibility | Public Maintenance |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 64024
Price
Taxes
Year Built
Visits
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