Listing courtesy of KW KANSAS CITY METRO
Property Description
INVESTOR OPPORTUNITY — Cash-flowing 2BR SFR with long-term Section 8 tenant in place (6+ years, zero late payments). Current rent $1,200/mo, month-to-month. South Town Fork Creek neighborhood. New roof 2023. Wrap-around covered porch, 756 sqft on 4,356 sqft lot, full unfinished basement. Interior dated but functional — value-add potential for cosmetic refresh upon eventual turnover. 12.7% projected cap at asking with conservative underwriting (5% vacancy, 10% mgmt, 10% R&M). Existing property management conveys — uninterrupted income from day one. Part of a 4-property KC SFR portfolio — portfolio pricing available for a buyer acquiring all four. Full financials, current lease, and payment history on request. Can be sold individually of as a package with MLS#s 2606783, 2610158, 2610424, 2610418. Package MLS# is 2619226.
Property Details and Features
- Appliances & Equipment
- Description: “Cooktop”, “Refrigerator”
- Basement
- Description: “Stone/Rock”
- Bathrooms
- Full Bathrooms: 1
- Half Bathrooms: 0
- Bedrooms
- Total Bedrooms: 2
- Building
- Finished Area Above Grade: 756
- Area: 756
- Architecture: “Traditional”
- Construction Materials: “Board & Batten Siding”
- Year Built: 1922
- Cooling
- Details: “Electric”
- Exterior Features
- Patio Features: “Porch”
- Floors
- Flooring: “Wood”
- Heating
- Heating: “Natural Gas”
- Home Owner’s Association
- Fee: 0
- Laundry
- Description: “Lower Level”
- Listing
- Status: Active
- Location
- Area: 202 – Kansas City Area (So. of River)
- County: Jackson
- Subdivision: Beaufort
- Lot
- Features: “City Lot”, “Level”
- Size: 4356
- Roof
- Description: “Composition”
- Sewer
- Sewer: “Public Sewer”
- Utilities
- Water Source: “Public”
