Excellent neighborhood in Northwest Wyandotte. Great condition. Same tenant for last 17 years. No rehab needed. Large lot, basement garage, new roof, new electric panel, new AC, updated plumbing and furnace (15 yrs) in good condition. Current tenant is Section 8 paying $650, market rents are $850/month. Remodels are selling for over 100k. Please do not disturb tenant!
Note: Seller has house under contract and does not currently own property. Seller will convey property by either double close or assignment of purchase contract.
SUBJECT
3119 Kimball Ave, Kansas City, KS 66104
1-Story, 2/1, 936 sf, built 1945, Lot 11,326 sf
Price: 70k, ARV: 110k (if 20k remodel), Rent: $650 (market is $850)
COMPS
3015 N 35th St Kansas City, KS 66104
1-Story, 2/1, 1020 sf, built 1955, Lot 7536 sf
Sold 115k on 9/13/19
2615 Hickam Dr Kansas City, KS 66104
1-Story, 2/1, 938 sf, built 1930, Lot 5314 sf
Sold 100k on 6/9/20
3106 Georgia Ave Kansas City, KS 66104
1-Story, 2/2, 912 sf, built 1936, Lot 6447 sf
Sold 101k on 3/25/20
3207 Kimball Ave Kansas City, KS 66104
1-Story, 2/1, 768 sf, built 1948, Lot 20,038 sf
Sold 85k on 3/25/20