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Fire House

Although 2/1 has experienced a fire, it stands structurally sound and is a completely fresh canvas! For you investors with the crews and the expertise to tackle this rehab intensive property, this project will pay off! With comps in the mid $80’s (3305 Norton Ave, a stone’s throw away, sold for $85k last month) and rents in mid $750’s, not only does this property surpass the 1% rule, it pencils out perfectly for a BRRRR and fetches cash-on-cash returns of 11%+!

While the modest square footage helps in keeping overall rehab costs down, once the property is finished, you’ll be left with a brand new home and will not have to worry about CapEx expenses and typical maintenance costs for quite a while. Moreover, the freshly rehabbed property will command the strongest rents possible from tenants!

Offers welcomed!

Address: 3023 Spruce Ave., Kansas City, MO
State/County:
Zip: 64128
Country: United States
Open In Google Maps
Property Id : 1376
Price: $ 7,750
Property Size: 780.00 ft2
Rooms: 0
Bedrooms: 2
Bathrooms: 1
Outdoor Details
balcony
Garden
Other Features
Appraisal Available
attic
back yard
basketball court
Central A/C
Chair Accessible
concierge
deck
Den/Office
doorman
Elevator
fenced yard
Finished Basement
Fireplace
front yard
Fully Renovated
gas heat
Gated Community
gym
Inspection Report(s) Available
lake view
laundry
New Construction
New Roof
ocean view
Off-Street Parking
Pool
pound
private space
Realtor Comps Available
recreation
Rehab Estimates Available
Roof Deck
Spa/Hot Tub
sprinklers
storage
Theater Room
washer and dryer
Water Front
wine cellar

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Alain Perez-Majul