5121 Thompson AVE, Kansas City, MO 64124
5121 Thompson AVE, Kansas City, MO 64124
5121 Thompson AVE, Kansas City, MO 64124
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
KW Kansas City Metro

KW Kansas City Metro

+1(816) 786-1848
Listed by We Heart Homes Team • KW KANSAS CITY METRO
$465,000
Est. payment /mo
3,720 Sqft Lot
Save

UPDATED:

Key Details

Property Type Single Family Home, Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Dundee Park

MLS Listing ID 2645865

Year Built 1923

Annual Tax Amount $4,712

Lot Size 3,720 Sqft

Acres 0.08539945

Property Sub-Type Apartment

Source hmls

Property Description

An exceptional opportunity awaits the discerning investor looking to secure a high-performing asset that meets the highly coveted 1% rule. Situated in a prime downtown location, this 8-unit multifamily complex offers an immediate revenue stream alongside substantial value-add potential. The property comprises six 1 bed, 1 bath units, and two 2 bed, 1 bath units currently yielding $5,548 per month in rental income with a 7/8 occupancy rate. Significant capital expenditures have already been completed, including a foundation repair, comprehensive termite treatment, new windows, updated flooring, and a newly poured concrete patio. Additionally, the majority of the units feature recently replaced appliances and PTAC climate control systems. A detailed spreadsheet is provided for all maintenance and upgrades on each unit. Additionally, an inspection report is available from the last year. Backed by a recent $600,000 appraisal, this turnkey asset is primed for immediate acquisition.

Location

State MO

County Jackson

Zoning R-2.5

Interior

Interior Features Individual Storage

Heating Natural Gas

Cooling Window Unit(s)

Fireplace N

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, 1031 Exchange, Private Financing Available

Listing Terms Cash, Conventional, 1031 Exchange, Private Financing Available

Read Less Info
Heartland MLS KS / Southeast Kansas AOR

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

KW Kansas City Metro

KW Kansas City Metro

+1(816) 786-1848

Broker License ID: BR00039847

Broker License ID: BR00039847

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from KW Kansas City Metro, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.