5107 E 40th Street

Kansas City, MO 64130

About this property

INVESTOR OPPORTUNITY Rent-ready 3BR 1.5-story SFR on a nearly quarter-acre lot in Vineyard Terrace. Buyer's choice at closing: property delivered vacant (current tenant has expressed intent to vacate) or with tenant in place seller will accommodate. Over $9,000 in recent updates: new roof, upgraded electrical panel, remodeled kitchen and bath, new flooring, refinished hardwoods, replacement windows, three window AC units. 1,560 sqft, full unfinished basement, 9,084 sqft lot. Underwritten at market rent of $1,200/mo, 8.0% projected cap at asking with conservative underwriting (5% vacancy, 10% mgmt, 10% R&M). Part of a 4-property KC SFR portfolio portfolio pricing available for a buyer acquiring all four. Full financials, capex detail, and current lease available on request. Can be sold individually of as a package with MLS#s 2606783, 2610158, 2610424, 2610418. Package MLS# is 2619226.

About this property

INVESTOR OPPORTUNITY Rent-ready 3BR 1.5-story SFR on a nearly quarter-acre lot in Vineyard Terrace. Buyer's choice at closing: property delivered vacant (current tenant has expressed intent to vacate) or with tenant in place seller will accommodate. Over $9,000 in recent updates: new roof, upgraded electrical panel, remodeled kitchen and bath, new flooring, refinished hardwoods, replacement windows, three window AC units. 1,560 sqft, full unfinished basement, 9,084 sqft lot. Underwritten at market rent of $1,200/mo, 8.0% projected cap at asking with conservative underwriting (5% vacancy, 10% mgmt, 10% R&M). Part of a 4-property KC SFR portfolio portfolio pricing available for a buyer acquiring all four. Full financials, capex detail, and current lease available on request. Can be sold individually of as a package with MLS#s 2606783, 2610158, 2610424, 2610418. Package MLS# is 2619226.

Features and Additional Information

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$99,000 Pending
3 Bed(s)
1
Bath
1,560 sqft

Presented By Coldwell Banker Distinctive Properties Twin Fall

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Get in touch today! Phone: 1-208-734-6500
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Area Information

202 Kansas City Area (So. of River) | Jackson County | Vineyard Terrace

$ 99,000
This listing is play_arrow 14.7% lower than the average in the area
$ 116,000 in the area
1,560 SqFt
This listing is play_arrow 2.5% smaller than the average in the area
1,600 SqFt in the area
$ 63 $/SqFt
This listing is play_arrow 12.2% less than the average in the area
$ 72 $/SqFt in the area
129 days on site
This listing is play_arrow 35.7% below the average in the area
201 days on site in the area

Schools in the Area

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    Elementary School
    George Melcher
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    Middle School
    Central
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    High School
    Central

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Brokerage: KW KANSAS CITY METRO

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