Kansas City Address / Raytown Schools Buy and Hold -- 3 Bedrm with Non-conforming 4th Bedrm.
Just received the contract on this one yesterday. Here are the details:
5009 Manchester Ave
Kansas City, Mo 64129
I'm wholesaling this at $31,000.00
3-4 bedroom / 2 bath.
3 bedrooms with 4th non-conforming bedroom in basement.
(3rd bedroom walls need to be re-built).
Carpet in living room and upstairs bedroom is 6 months old -- per previous seller.
Drain system in basement was installed by Dry Basement -- paperwork is available.
Has sump pump.
Furnace is 2 yrs old per previous seller.
Exterior has been painted in last 3 months per previous seller -- may need touching up.
Has working alarm system.
Raytown schools -- per Raytown School District website.
See more pictures and details at http://win3propertylistings.com/view.php?item=3280...
Built 1956
864 square feet per county records
Lot size: .19 acre per county records
Market Rent: $750 / mo
Net Operating Income after 5% vac. provision, 10% mgmt, 10% maintenance, taxes, & insurance: $5754
(Numbers are for illustration purposes only and are not a guarantee of future income)
2014 Taxes: $543 per Jackson County website.
Repairs needed:
Kitchen update
Bathroom update.
Flooring in kitchen / dining area, basement bedroom and bath.
Interior paint
Install AC unit
Roof
Possibly re-pour front porch
Foundation appears to have some movement, but interior drywall shows only minor cracking. Some support may be needed at kitchen/stairwell wall.
(This is Not an owner finance / rent-to-own home. Buyer will need to have cash or access to financing)
Thanks for looking,
Mark Boek
Prime Property Options, LLC
816-401-3544 cell
816-527-8097 fax