Calling all investors and handy buyers! Here's your chance to purchase an affordable fixer-upper with tremendous upside. This 1-bedroom, 1-bath home features 512 square feet and is ready for someone to bring it back to life. Ideal as a flip, rental, or budget-friendly renovation project. Opportunities at this price don't come along often. Property is being sold As-Is. Hard to find a better yield in Kansas City. 5708 Park Ave is a fully rehabbed, professionally managed single-family rental priced at $44,000 producing $8,232 in net annual cash flow an 18.71% cap rate. Currently vacant and easy to show. The numbers (at $1,050/mo): Gross annual rent: $12,600 Property taxes: $407.56 Insurance: $1,200 Property management (10%): $1,260 Pro forma maintenance: $1,500 Total expenses: $4,367.56 Net annual cash flow (NOI): $8,232
| MLS # | 2627839 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1923 |
| Days On Site | 64 |
| Listing Provided By | KW KANSAS CITY METRO | We Heart Homes Team |
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 512 |
| Basement | Y |
| Acreage | 0.10 |
| Property | 408 |
|---|
| State | MO |
|---|---|
| County | Jackson |
| City | Kansas City |
| Zip Code | 64130 |
| Area | 202 Kansas City Area (So. of River) |
| Community Name | South Prospect Place |
| School District | Southeast |
| Elementary School | Martin Luther King |
| High School | Southeast |
| Listing VS Median (in South Prospect Place) | |
Price: $44,000 low | high Med: $95,000 sqft: 512 low | high Med: 1,302 $ / sqft: $86 low | high Med: $90 On site: 64 low | high Med: 45.5 | |
| State | MO |
|---|---|
| County | Jackson |
| City | Kansas City |
| Zip Code | 64130 |
| Area | 202 Kansas City Area (So. of River) |
| Community Name | South Prospect Place |
| School District | Southeast |
| Elementary School | Martin Luther King |
| High School | Southeast |
| Listing VS Median (in South Prospect Place) | |
Price: $44,000 low | high Med: $95,000 sqft: 512 low | high Med: 1,302 $ / sqft: $86 low | high Med: $90 On site: 64 low | high Med: 45.5 | |