RARE Like NEW CONSTRUCTION 10 Unit On In KCMO!! No CapEX For YEARS!! As Turnkey As They Come!! DESCRIPTION: -Opportunity To Own A Unique Property Ideally Located With ZERO Capital Expenses For YEARS! This Property Has Been Painstakingly Renovated, Starting In 2022 With EVERYTHING Being Replaced! All Plans, Permits, Etc Were Properly Submitted & Approved! -Each Units Has: Its Own Mini-Split With Heat Pump, Luxury Vinyl Flooring, Full Bathroom, And Small Kitchen Set-up. In Addition, Property Has A New R-13 Fire Suppression System And All Exterior Water Lines Replaced With 4" Lines. The Only Thing Original To The Property Is The Foundation! -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family!! -The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: gas stations, thrift store, Grocery Store, Gym, And Coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 10!! (Unheard Of For Essentially New Construction) INVESTMENT CHALLENGES: -Property Is Unique In It's Layout Perfect For: Sober Living Homes, Group Homes, Vouchers Who Need An Onsite Person, Etc. -Since It Was Originally A Single Family Home, Each "Unit" Is Essentially A Bedroom With Full Bath, Its Own Mini-Split With Heat Pump & Thermostat, And A Common Area On The Main Floor. -Property Sits On 0.63 FLAT Acres In BC3-2 Zoning, Which Allows For FURTHER EXPANSION In Residential, Commercial, Or Multi-Family!! -The Location Of This Property Is IDEAL For Tenants...Right On A Bus Stop and Sits Right Across From: grocery store, gym, gas station, thrift store, and coffee Shop (Map Attached)! -Property Can Be Delivered Vacant Or FULLY RENTED At $8000 / Month, Putting This Property At A Solid Cap Rate Of 8!!
Mls | 2518737 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Days On Site | 35 |
Listing Provided By | KW KANSAS CITY METRO | Steven Soby |
Basement | Y |
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Storys | 2 |
Units | 10 |
Zoning | B3-2 |
Acreage | 0.63 |
State | MO |
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County | Jackson |
City | Kansas City |
Zip Code | 64133 |
Area | 203 South K.C. Mo | Grandview Area |
Community Name | Blue Ridge Woods |
School District | Raytown |
Listing VS Median (in Blue Ridge Woods) | |
Price: $700,000 low | high Med: $0 On Site: 35 low | high Med: |