S. Benton Ave, Kansas City, MO

  • Price: $199,000
  • Rent: $1,500
  • Cap Rate: 6.5%
  • Monthly NOI: $1,083
  • Monthly Expenses: $417
  • Type: Single Family Home
  • Year: 1950
  • Bedrooms: 4
  • Bathrooms: 2.5
  • Floor area: 1816

Detached 2 car garage, Covered back porch, private drive, large lot, main floor laundry/mudroom. New roof, interior & exterior paint, new flooring throughout, kitchen and bath updated, granite countertops & stainless steel appliances, updated electric, pex supply and PVC drain plumbing, newer HVAC unit, new water heater, double pane windows, full unfinished basement.

Reason I believe it’s going to be a major growth play- the property is located nearby a brand new Cerner plant. The plant is huge and is bringing in TONS of new construction in the area. We drove around quite a bit in the area and the amount of development happening literally all around this house is huge. That alone will increase property values over time, but more so, there’s very little on the street this property on, which would make the street a prime opportunity for a developer to buy it out.

 

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