5121 Thompson Avenue, Kansas City, MO 64124

$465,000
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List Price
$465,000
MLS#
2645865
Status
ACTIVE
Type
Multifamily
Lot Size
3,720
Acres
0.09
Subdivision
Dundee Park
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(913) 620-2576

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.

(913) 620-2576
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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
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Listing courtesy of We Heart Homes Team of KW KANSAS CITY METRO.

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