Kansas City market
Hello all! I'm looking to purchase a duplex in the Kansas City area and am wondering what part of KC is most attractive for both cash flow and appreciation? I've been looking at the suburbs (independence, lees summit) and the city itself (plaza, westport, KU Med.)
For example, I've got my eye on quite a few duplexes in Independence which I can get at $95k and the monthly rent brings in $1400 yet long-term appreciation may be weak.
Any suggestions would be greatly appreciated!
Thx,
Paul~
Most Popular Reply
North is the roughest one to work with. Just bought up a bunch in that area for cheap. A shell of a 8 plex and tax sale SFH's.
You can find better deals and better numbers in SFH's in midtown. I just got a home in Longfellow for 28,500 with a 7k rehab that rents for 1500 a month. 5 bed 2 bath that if i put it on the market now would sell for 100K.
Anyway, duplexes... Nice one by St. luke's for around 100K rents around 1600 i bet. One on gillham for 100k around the same rents. 8 plex in manheim for 150,000, shame it wasn't squire. They will appreciate, but i'm a cash flow kinda guy.