BEDS0
BATHS
MLS#2645865
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONDundee Park
SCHOOLKansas City Mo
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Heating: Natural Gas
Home Style: Apartment
Lot Size: 0.09 Acres
Roof Type: Composition
Stories: 2.0
Year Built: 1923
Amenities
Individual Storage
Feature Descriptions
Days on Site: 14
Exterior: Concrete, Stucco
Flood Plain: No
Management: Off-Site Mgmt
Parking: On Street, Other
Parking Notes: On Street, Other
Sewer: Public Sewer
Unit: 1 Bedroom
Units: 8
Utilities: Cent Water Heater, Separate Meters
Water: Public
Local Schools
School District: Kansas City Mo
Listed By / Shown
Listed By
Agency Name: KW KANSAS CITY METRO
Agency Phone: 913-825-7500
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's Insurance
5121 Thompson Avenue | MLS# 2645865
This multi-family property located at 5121 Thompson Avenue, Kansas City, MO 64124 is currently listed for sale with an asking price of call for price. Thompson Avenue is located within the Kansas City Mo school district. Search Kansas City real estate on www.trophypa.com today.