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Archived over 1 year ago

$215,000

4 bd 2 ba 1688 sqft

2538 Woodland Ave, Kansas City, MO 64108

Residential Duplex Occupied

Current Rent **

$1,650

Projected Rent **

$1,850

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $825
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 844 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $825
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 844 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Duplex - completely updated & low maintenance

-2 nearly identical units, upstairs/downstairs
-Property completely updated, everything is less then 2 years old.

-Both tenants are stable
-Unit A, lease start: 2/2021
-Unit B, least start: 4/2021
-Tenants are on a month-to-month contract

-Both units currently rented at $825/month, $1650 total
-The rent has not been raised since early 2021 when units were leased. Since then there has been tremendous rent appreciation in the area and there should be a lot of room for rent increases here.

-In 2022 it appraised at $222,000

Location:

2538 Woodland Ave, Kansas City, MO 64108

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.