106 SARATOGA Avenue, Excelsior Springs, MO 64024

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$999,000
 est. $4,277/mo

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.

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 you travel into the city of Excelsior Springs. As you approach town, turn left onto Salem Road and proceed to 404 Salem Road, Excelsior Springs, Missouri 64024. From 404 Salem Road, continue southeast toward the downtown residential area. Turn left onto Thompson Avenue, then turn right onto Valley Street. Continue along Valley Street to 236 Valley Street, Excelsior Springs, Missouri 64024. From 236 Valley Street, travel north toward the intersection with St. Louis Avenue. Turn left onto St. Louis Avenue and proceed west along the street to 1123 St. Louis Avenue, Excelsior Springs, Missouri 64024. Continue west along St. Louis Avenue to the adjacent property located at 1125 St. Louis Avenue, Excelsior Springs, Missouri 64024. From 1125 St. Louis Avenue, remain on St. Louis Avenue and continue west for several
Subdivision
Other
City
Excelsior Springs
County
Clay
Property Type
Residential Income / Package of Properties
Listing Updated
Sep 08, 2026 at 1:09pm
MLS Number
2607450
Property Tax
$6,319
Zoning
$Multi
Home Owners Association
No
Disclaimer
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