5708 Park Avenue, Kansas City, MO 64130
- $44,000
- 1
- BD
- 1
- BA
- 512
- SqFt
- List Price
- $44,000
- MLS#
- 2627839
- Status
- ACTIVE
- Type
- Single Family Residential
- Bedrooms
- 1
- Bathrooms
- 1
- Living Area
- 512
- Lot Size
- 4,356
- Acres
- 0.10
- Subdivision
- South Prospect Place
Property Description
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
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Additional Information
- Year Built
- 1923
- School District
- Kansas City Mo
- Elementary School
- Martin Luther King
- Middle School
- Central
- High School
- Southeast
- Lot Description
- City Lot, Many Trees
- Basement
- Yes
- Basement Description
- Stone/Rock
- Roof
- Composition
- Central Air
- Window Unit(s)
- Sewer
- Public Sewer
- Architecture
- Traditional
- Construction
- Frame
- Water
- Public
- Cooling
- Window Unit(s)
- Heating
- Forced Air
- Taxes
- $408
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Listing courtesy of We Heart Homes Team of KW KANSAS CITY METRO.
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