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913-380-4554
Real Estate Company
5121 Thompson Avenue, Kansas City, MO 64124
- $465,000
- List Price
- $465,000
- MLS#
- 2645865
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 3,720
- Acres
- 0.09
- Subdivision
- Dundee Park
Property Description
An exceptional opportunity awaits the discerning investor looking to secure a high-performing asset that meets the highly coveted 1% rule. Situated in a prime downtown location, this 8-unit multifamily complex offers an immediate revenue stream alongside substantial value-add potential. The property comprises six 1 bed, 1 bath units, and two 2 bed, 1 bath units currently yielding $5,548 per month in rental income with a 7/8 occupancy rate. Significant capital expenditures have already been completed, including a foundation repair, comprehensive termite treatment, new windows, updated flooring, and a newly poured concrete patio. Additionally, the majority of the units feature recently replaced appliances and PTAC climate control systems. A detailed spreadsheet is provided for all maintenance and upgrades on each unit. Additionally, an inspection report is available from the last year. Backed by a recent $600,000 appraisal, this turnkey asset is primed for immediate acquisition.
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Additional Information
- Year Built
- 1923
- School District
- Kansas City Mo
- Basement
- Yes
- Interior Features
- Individual Storage
- Roof
- Composition
- Central Air
- Window Unit(s)
- Sewer
- Public Sewer
- Construction
- Concrete, Stucco
- Water
- Public
- Cooling
- Window Unit(s)
- Heating
- Natural Gas
- Taxes
- $4,712
- Zoning
- R-2.5
Mortgage Calculator
Listing courtesy of We Heart Homes Team of KW KANSAS CITY METRO.
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