Scott Seven

  • $439,000
Featured Sold
1104 North Scott Avenue, Kansas City, Missouri, 64012
  • Converted House + Fourplex
  • Property Type
  • 7
  • Rooms
  • 3,200
  • Sq Ft
  • 1955
  • Year Built
Featured Sold
1104 North Scott Avenue, Kansas City, Missouri, 64012
  • $439,000

Overview

  • Converted House + Fourplex
  • Property Type
  • 7
  • Rooms
  • 3,200
  • Sq Ft
  • 1955
  • Year Built

Description

This is not your average investment; it’s a two-building property on a single lot, featuring a converted three-unit house in the front and a quadplex in the back. And that’s not all – this property is at an in-place impressive in place 8.3% cap rate, with additional income upside! Plus, on-site parking is available for your tenants’ convenience. The property features four 2-bedroom units, two 1-bedroom units, and one studio – each tenant is responsible for their own electric bill, while the landlord pays the water bill.

Why We Love It: Cash cow of a property that is 100% occupied. The seller just painted the rear building exterior. All CapEx is completed, sit back, and cash checks.

Challenges: C-class properties have C-class tenants, but that is incredible for cash flow, so hard to call it a challenge!

  • Address 1104 N Scott Avenue, Kansas City, Missouri
  • City Belton
  • State/county Missouri
  • Zip/Postal Code 64012
  • Country United States

Details

Updated on May 2, 2024 at 2:05 pm
  • Price: $439,000
  • Property Size: 3,200 Sq Ft
  • Rooms: 7
  • Bathroom: Built In 1955
  • Garages: 7 Units
  • Year Built: 1955
  • Property Type: Converted House + Fourplex
  • Property Status: Sold

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