DePackage: Off-Market 5 Duplexes & 1 Single Family – Rented – Kansas City MO
Status update
SFH – no longer available
Duplexes – 3 are still available
Location Highlights
- Very desirable area – has one of the best high schools in the area, in a good school area.
- Platt county – the richest and the fastest growing county in Missouri
- The median household income is $76,000
- Close to KC airport – which is undergoing major renovations
- Not far from Ft. Leavenworth based that may add another layer of rental demand for families would rather stay off-base
- Favorable location by a property manager
- The area is seeling lots of growth and new construction in the area.
- Short commute to downtown Kansas City
- Close to UMKC (Uni. of Missouri Kansas City) and close to Park college as well.
- 25 minutes from KC Royals & KC Chiefs baseball & football fans since Chiefs huge focus is Patrick Mahomes & they won a super bowl.
- 10 minutes from local casinos. They have great Casinos with Restaurants in them too
IMPORTANT
- This package includes 5 duplexes and one single-family home (total of 6 properties (11 doors))
- All properties are rented except one unit of one of the duplexes which was recently vacated.
- Some tenants lived at this property for a decade
- Seller owns a large number of properties locally and selling some of the properties in his portfolio.
- This package is NO listed o the MLS (at least not yet)
- The suggested offer/prices are based on group purchases and multiple offers submitted to the same seller – GROUP POWER.
- Suggested offer prices HAVE NOT been negotiated yet – prices are not confirmed.
- Priority will be given to investor-buyers that are able to buy multiple properties.
- One buyer can buy all 6, or 6 buyers can each buy one and anything in between.
- Actual address: call/email/ask us.
Property Manager Feedback
Generally speaking, I think this location is pretty good. The schools are well-regarded, and it’s a desirable location overall.
We have a rental home not too far away on 73rd St, that is a 3 bedroom, 2 bath SFH home with a 2-car garage. It was recently remodeled with a new kitchen, both bathrooms totally redone and updated throughout. That home is rented for $1,595/mo. I’m assuming each unit is a 3 bed, 2 bath and they are in good condition, I would estimate the rental value to be right around $1,400/mo.
There is quite a bit of demand in the market for rental property, but we’re not seeing the desperation that exists in some other regional markets. Tenants are still looking for a property that is well-maintained and priced fairly. When we see that balance of quality and price, the homes are renting quickly, often in less than 30-days. Without that balance, the property can sit for quite a bit longer.
Properties, Spec and Info
| UNIT | Actual RENT | Market Rent | MTM | LEASE START | LEASE END | DEPOSIT | yr built | beds | bath | sq ft | Garage |
| 7708 | $1,050 | $1,225 | The unit was recently vacated. | 1984 | 1317 | 2 | |||||
| 7710 | $975 | $1,075 | MTM | 2/6/2011 | 1/31/2012 | $500 | 1984 | 1317 | 2 | ||
| $2,025 | $2,300 | Status: | Under Contract | ||||||||
| Duplex with 969 sf per unit on the main level with 348 sf. basement finish. 2 bedrooms and a bath up. One unit has a bedroom and a bath, the other has a rec room and a bath. New Roof Dec 2019. 30 Year Architectural Style, 5 Y workmanship Warranty | |||||||||||
| 7808 | $1,150 | $1,325 | 7/1/2020 | 6/30/2021 | $1,200 | 1986 | 3 | 855 | 2 | ||
| 7810 | $975 | $1,075 | 9/1/2019 | 8/31/2020 | $1,000 | 1986 | 3 | 855 | 2 | ||
| $2,125 | $2,400 | ||||||||||
| Duplex with 855 sf per unit on the main level and around 400 sf finish in the basement. 2 bedrooms and a bath up. One unit has a bedroom and a bath, the other has a rec-room and a bath. | |||||||||||
| 7812 | $975 | $1,150 | 8/1/2019 | 7/31/2020 | $1,000 | 1987 | 3 | 1096 | 1 | ||
| 7814 | $890 | $990 | 1/1/2020 | 1987 | 3 | 1096 | 1 | ||||
| $1,865 | $2,140 | ||||||||||
| 1.5 story duplex on slab with 1,096 sf per unit. Both units have 2 bedrooms. one has 2.1 baths and the other 1.1 baths. | |||||||||||
| 7906 | $1,000 | $1,175 | 1/1/2021 | 12/31/2021 | $1,000 | 1991 | 3 | 1610 | 2 | ||
| 7908 | $1,095 | $1,195 | MTM | 6/24/2010 | 6/30/2011 | $900 | 1991 | 3 | 1610 | 2 | |
| $2,095 | $2,370 | ||||||||||
| Duplex with 1,106 sf per unit on the main level and 504 sf basement finish. 2 bedrooms and 2 baths up, and a rec-room and bedroom and bath in the basement | |||||||||||
| 7900 | $1,105 | $1,280 | 7/1/2019 | 6/30/2020 | $1,200 | 1988 | 3 | 2 | 1448 | 1 | |
| 7902 | $1,140 | $1,315 | MTM | 6/16/2019 | 5/31/2020 | $1,200 | 1988 | 3 | 2 | 1448 | 1 |
| $2,245 | $2,595 | Status: | Under Contract | ||||||||
| Duplex with 940 sf per unit on the main level and about 435 sf basement finish. 2 bedrooms and a bath up with a rec room, bedroom, and bath in the basement. | |||||||||||
| 7314 | $1,030 | $1,205 | MTM | 1/1/2020 | 12/31/2020 | $1,100 | 1978-81 | 3 | 2 | 1296 | 2 |
| SFH. New Roof Dec 10, 2019. 30 Year Architectural Style, 5 Y workmanship Warranty. Status: Under Contract | |||||||||||
Pricing
| UNIT | Asking | Suggested Offer | Annual Cash flow | Annual ROI |
| 7708 | $305,000 | $289,000 | $5,650 | 28.0% Taken |
| 7710 | ||||
| 7808 | $300,000 | $290,000 | $6,800 | 29.1% |
| 7810 | ||||
| 7812 | $280,000 | $266,000 | $5,210 | 27.7% |
| 7814 | ||||
| 7906 | $370,000 | $334,500 | $3,925 | 25.6% |
| 7908 | ||||
| 7900 | $330,000 | $320,000 | $6,842 | 28.9% |
| 7902 | ||||
| 7314 | $200,000 | $147,000 | $1,719 | 27.2% Taken |
Next Steps
- Let us know if you are interested, how many condos you would like to buy, and if you are buying cash or financing.
- We don’t have the exact unit numbers yet and cannot allocate units for the time being.
- Full address/location will be provided to active investors upon request.
- Questions should be posted in the comments section below.
Site Visits
Agent and property management plan to visit the site after we have accepted offers.
Open Items
- Lease and occupancy verification (after the contract is signed)
FAQ
- Can I buy with a mortgage?
- Yes, and we have preferred lenders for you to use if you wish.
- Do you know the condition of each unit internally?
- Not yet.
- Do you have a local property manager we can use?
- Yes, we sure do.
- Can I buy cash?
- Yes, of course.
- Can I buy more than 1 property?
- Yes
- Is there a way for me to buy all and get financing for all of them under 1 mortgage?
- Generally speaking yes, and we have a lender who may be able to do it.
Disclaimer
Information contained herein was obtained from sources deemed reliable, however, Kavadoo and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.
The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Kavadoo and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.
Basic Facts
| Property ID: 1726 | Post updated: 2021-04-11 08:30:12 | Type: Duplex | Date added: 04/01/21 |
This Duplex style property is located in is currently and has been listed on KaVaDoo. This property is listed at $ 1,700,000.00. It has bedrooms, bathrooms, and is . The property was built in year.