1505-7 N 63 Terrace, Kansas City, KS 66102
- $255,000
- List Price
- $255,000
- Price Change
- ▼ $4,000 1784182050
- MLS#
- 2619838
- Status
- ACTIVE
- Type
- Multifamily
- Sub Type
- Duplex
- Lot Size
- 12,197
- Acres
- 0.28
- Subdivision
- Devaults Sub Re
Property Description
Well-positioned, fully occupied duplex offering immediate cash flow and strong investment fundamentals in a high-demand Kansas City, KS rental market. This 1,560 sq ft property features two 2-bedroom, 1-bathroom units with stable tenants and consistent rental history. Current financials reflecting a stabilized net operating income of approximately, producing an estimated 7.2% cap rate at the current list price. Historical operations show that the property has recently undergone a cycle of maintenance and turnover costs, which have now been largely addressed. As a result, the asset is transitioning into a more predictable, stabilized expense structure reducing near-term capital expenditure risk for future ownership. The roof is approximately 8 years old, further minimizing immediate deferred maintenance concerns. The property also presents a clear path to increased returns and growth. Reach out to listing agent for details. Buyer and buyers agent to verify all sq ft tax and details independently. Seller makes no warranties.
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Additional Information
- Year Built
- 1963
- School District
- Kansas City Ks
- Middle School
- Coronado
- High School
- Other
- Garage
- Yes
- Basement
- Yes
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Vinyl Siding
- Water
- Public
- Cooling
- Electric
- Heating
- Forced Air
- Taxes
- $4,522
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Listing courtesy of Chad Murray of ReeceNichols- Leawood Town Center.
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