5121 Thompson AVE Active Save Request In-Person Tour Request Virtual Tour
Kansas City,MO 64124
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Dundee Park
MLS Listing ID 2516347
Year Built 1923
Annual Tax Amount $4,712
Lot Size 3,720 Sqft
Property Sub-Type Apartment
Property Description
Back on the market, no fault of the sellers—inspections available! This 8-unit multifamily is a true value-add opportunity in a prime downtown location. Each unit is a 1 bed/1 bath, and the property already has major updates including new windows, fresh flooring, a brand-new concrete patio, and the majority of the units have had the appliances and PTAC units replaced. The property recently appraised for $600,000. This 8-PLEX is currently grossing $5,154 per month with only 6/8 units rented! Due to this, the property exceeds the 1% rule at only 75% occupancy! Come quick - This property will not last long!
Location
State MO
County Jackson
Zoning R-2.5
Interior
Heating Natural Gas
Cooling Window Unit(s)
Exterior
Parking Features false
Utilities Available Cent Water Heater,Separate Meters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available