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5207 Independence Kansas City, MO 64124
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Key Details
Sold Price $39,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other
MLS Listing ID 2225940
Sold Date 09/25/20
Annual Tax Amount $567
Property Description
MONSTER OPPORTUNITY FOR 16%-20% CAP RATE. Update and generate huge cash-flowing investment in the heart of urban KC with access to all facets of the city, highway systems, bus lines, businesses, and employment opportunity. A duplex for less than $40,000; seller's loss is buyer's opportunity! It just needs a second chance! Seller has adjacent triplex for sale at 5209 Independence. Could be package deal. Contact Listing Agent. AS-IS sale. OWNER FINANCE OPTION LOW DOWN PAYMENT Gross Income and expenses are an estimate using rental rates of $750 and $950 for annual income of $20,400 less $6000 in expenses (likely high). Cap rate was calculated using total cost after renovation of $90,000
Square footage estimated; exact measurements to be verified by buyer
Location
State MO
County Jackson
Zoning B
Rooms
Other Rooms Family Room
Basement true
Interior
Interior Features Private Entry
Heating Forced Air
Cooling Electric
Flooring Wood
Fireplace N
Laundry In Basement
Exterior
Garage false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public
Structure Type Brick & Frame
Others
Acceptable Financing Cash, Contract for Deed, Conventional, Lease Option, OwnerMay Carry
Listing Terms Cash, Contract for Deed, Conventional, Lease Option, OwnerMay Carry
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