Kansas City Duplex partially rehabbed with lots of upside

2 Replies

Price $82,500
Location 2538 Wooland Ave, Kansas City, MO, 64108
Property Details

Unit: 1

  • Current Rent: $1,100
  • Occupied: No
  • Bedrooms: 2
  • Bathrooms: 1.5
  • Square Footage: 800

Unit: 2

  • Current Rent: $1,100
  • Occupied: No
  • Bedrooms: 2
  • Bathrooms: 1.0
  • Square Footage: 800
Great opportunity to pick up this duplex and complete the project! Great deal, priced to go quickly.
  • Duplex
    • Downstairs unit: 2 bed / 1.5 ba
    • Upstairs unit: 2 bed / 1 ba
  • Excellent location in the path of progress, 1/2 mile from +$500k SFHs of Beacon Hill
  • $150-199k ARV
    • ARV appraisal ordered Jan 2019, came back at $187k
  • $1,100 avg. monthly rent for 2 bedroom in the area according to rentometer.com (see image below), recommend calculating with $900-950 monthly rent per unit to be safe
  • Full gut rehab nearly completed 
    • New windows
    • New electrical throughout
    • New plumbing throughout
    • Complete new HVAC
    • Exterior paint completed
    • Sheet rock hung, ready for mud and tape
    • Passed all city permits
  • Approx $20-50k rehab costs remaining (depending on level of finish, quality, execution, etc.) Unfinished items: 
    • 2 x kitchen
    • 2.5 bath
    • ~1600 sq ft flooring
    • Interior paint
    • Misc finishes
  • Large lot, with access road in rear
  • Will consider partnering to complete project
  • Will consider creative financing

Contact Dan at [email protected] or reply to this post

PROPERTY IS ALARMED AND ACTIVELY MONITORED, PLEASE DO NOT TRY TO ENTER

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