1902 Elmwood Avenue
Kansas City, MO 64127

Sold

$186,000

8 Beds

2 Baths

2,544 SqFt

Single Family

$1525/mo

DUPLEX ~ Already CASH FLOWING!

This cash flowing duplex is fully tenanted but SEVERELY under rented. Rise the rents as soon as lease is up and instantly INCREASE your ROI! Furthermore, property is being sold at a discount for a fast sale. FREE EQUITY!!!

Each unit of this duplex home offers 4 bedrooms and 1 full bathroom - perfect for growing families. Its combined livable space totals to 2,544 square feet. Originally built in 1961 but recently renovated, this home has a beautiful interior with beautiful flooring, a nice-sized kitchen with storage cabinets plus HVAC, roof, and hot water tank all less than 5 years old. It comes with a parking space for two. There's also a nice-sized, level lot front yard.

Located close to the major highways, getting around this neighborhood is easy. All the basic amenities are greatly available here - banks, hospitals, grocery shops, restaurants and many others are all spotted in this area. There are quite a good number of schools spotted here and there are Guadalupe Center's Elementary School, Whittier Elementary School, and East High School serving the closest. ALDI is just within minutes.

***Property is currently rented at $1,525 per month combined.
Unit 1902 is rented at $725 with a lease in place until 5/31/22
Unit 1904 is rented at $800 with a lease in place until 7/31/22
***Next month, rents will increase to $800 for Unit 1902.
***MARKET RENTS are $850-$875 per unit.
***Pictures included are marketing photos taken prior to tenant move-in. Inspector will provide real time photos during due diligence period.

Property Analysis