Good deal Manheim Park/Ivanhoe SE area. Needs updating, some roof repair, and approx. 10k foundation repair. Or can keep As-Is with current tenant paying $650/month plus all utilities on month-to-month lease.
Already has new electrical and new plumbing. Has AC.
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 PROPERTY
4404 Wayne Ave, Kansas City, MO 64110
1-Story, 2/1, 769 sf, built 1921, Lot 4356 sf, no garage, has AC, full basement
Price: 48k, Rehab: 40k, ARV: 130k, Current Rent: 650/month
COMPS
4421 Forest Ave Kansas City, MO 64110
1-Story, 2/2, 800 sf, built 1905, Lot 3485 sf, no garage, no AC, partial basement
Sold for 150k on 9/28/2018
4418 Flora Ave Kansas City, MO 64110
1-Story, 2/1, 772 sf, built 1922, Lot 3920 sf, underground garage, no AC, full basement
Sold for 102k on 8/7/2020