This is an 8-plex that until recently had some squatters who trashed the place up. The squatters were formally evicted in February of this year.The property is located 2 blocks north of Truman Rd and just East of Topping Ave. It has:- 4 Studios - 3 one-bedrooms, and- 1 three-bedroomIt needs a tons of work, but has tremendous potential and will make an excellent cash cow once rehabbed AND rented.If you know a little something about fixing up properties, you like cash flow, YOU HAVE CASH (this one is very important!), and you have been looking for a multi-unit project in the Kansas City area, then this is one is FOR YOU. Here are my estimated numbers on the cash flow:Asking price: $55,000 obo.Estimated Gross Monthly Rent: $3,000Estimated Gross Yearly Rent: $36,000Taxes: $1780Estimated Insurance: $1,300Estimate Property Management: $3,6005% Vacancy Rate: $1,800Estimated Total Expenses: $8,480Estimated NOI: $27,520Estimated Repairs: $80,000Asking Price $55,000 oboEstimated Cash on Cash Return: 20.39% (will obviously be higher because I know YOU like to negotiate)If the numbers above make sense and you you are still interested, please CALL ME IMMEDIATELY at 913-735-9997 for further details or to schedule an appointment! Seller resides out of state, is getting desperate and needs this bad boy gone, like 2 years ago. CALL ME!913-735-9997
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