wardellholmes.com Search Results

$1,150,000

Divine Property Management, LLC presents a 6-property residential investment portfolio totaling 8 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); 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.

106 SARATOGA Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.

$299,900

100% occupied income-producing triplex in Excelsior Springs. Completely renovated to minimize expenses and maximize rental yield. The building includes a full basement and a detached garage. Tenants benefit from three designated parking options: a private back drive, a private side drive, and street parking. Please give 24 hour notice before viewing.

435 Benton Avenue, Excelsior Springs

Listing courtesy of Davida Connell of United Real Estate Kansas City.

$221,400

Step into one of Downtown Excelsior Springs’ most recognizable landmarks—home to a Grill, a beloved local restaurant and anchor tenant for more than 20 years. This two-story brick beauty pairs historic character with modern function, featuring a richly preserved pressed-tin ceiling, exposed brick, hardwood floors, and large storefront windows overlooking the walkable downtown corridor. The main level offers roughly 2,700 sq ft of elegant dining space with a full bar, dual restrooms, commercial kitchen, and basement storage. The upper floor, currently unfinished, provides exceptional potential for future loft conversions, office suites, or event-style expansion. The Grill occupies the ground floor under a long-standing lease—real-estate sale only; restaurant equipment and furnishings are tenant-owned—creating a turnkey income property with enduring stability in Excelsior Springs’ revitalized historic district, just steps from the Elms Hotel & Spa. Ideal for investors seeking steady rental income, or for visionary buyers who value heritage architecture and downtown growth momentum.

117 W Broadway Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.

$550,000

Owner Financing available! Seller is open to financing for a qualified buyer with solid business plan. The list price is for real estate only and is priced $20k below 2025 appraisal. Real Estate is in very good condition. This unique commercial property offers two adjoining storefronts that have been seamlessly combined into one larger space — yet still retain individual street-facing entrances. The layout is ideal for an owner wanting to operate complementary businesses under one roof — such as a coffee shop and bakery, boutique and salon, or restaurant with event space. Existing interior dividers allow for flexible separation or open flow between the two areas, providing endless options for use and expansion. Exceptional visibility from the highway in the heart of Excelsior Springs' Historic District. Just a short stroll from the Elms Hotel & Spa, operated under Hyatt's Destination by Hyatt collection. Serious inquiries only – contact us today!

451 S Thompson Avenue, Excelsior Springs

Listing courtesy of SimmonsSales Team of RE/MAX Area Real Estate.