Single-Family Home with Recent Updates in Kansas City, MO 64132

Descripiton

Great Potential for Rental Income or Resale

Property Details:

• Beds/Baths/Sqft: 2 beds  / 1 bath  / 941 sqft

• Purchase Price: $80,000 +TC + CC)

• After Repair Value (ARV): $135,000

• Estimated Rehab Cost: Moderate updates needed; partially completed

• COE (Close of Escrow): December 30, 2024

• Occupancy: Vacant

Property Condition:

• Roof: Less than 6 months old

• Foundation: Sheetrocked, good condition

• HVAC: No central air; HVAC not working

• Furnace: Not working

• Water Heater: Brand new electric

• Electrical: Updated with a new box

• Plumbing: All new PEX pipes; good working condition

• Interior Updates: New carpet in bedrooms, bathroom and kitchen updated

Rental Income Potential:

• Long-Term Rental (LTR): Estimated at $1,013/month

• Mid-Term Rental (MTR): Not specified

• Short-Term Rental (STR): Estimated at $2,791/month

Comparable Sales (Comps):

1. 7435 Bellefontaine Ave, Kansas City, MO 64132 - Sold for $135,000; similar layout and condition  (View Comp)

2. Comp 2 Sold on 11/22/24 for 80k

3. Comps 3 Sold on 3/22/24 for 80k

Investment Highlights:

• Moderate Rehab Needed: Property is partially updated, with new roof, electrical box, and PEX plumbing. HVAC and furnace need work

• High ARV & Rental Potential: Estimated ARV of $135,000 with potential for both long-term and short-term rental income

• Vacant Property: Ready for further updates or immediate rental with minor improvements

• Recent Updates Include: Updated kitchen and bathroom, new carpet, new electrical box, and water heater

Why This Deal is a Great Opportunity: This property is ideal for investors seeking a moderately rehabbed rental or flip opportunity. With an ARV of $135,000 and completed updates to key systems (roof, plumbing, electrical), this home has significant potential for rental income or resale. The versatility of rental strategies (LTR or STR) makes this an attractive investment.

For more details or to schedule a viewing, please contact Brandon Lucido

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