5107 E 40th Street, Kansas City, MO 64130

Description

INVESTOR OPPORTUNITY — Rent-ready 3BR 1.5-story SFR on a nearly quarter-acre lot in
Vineyard Terrace. Buyer's choice at closing: property delivered vacant (current tenant has
expressed intent to vacate) or with tenant in place — seller will accommodate. Over $9,000 in
recent updates: new roof, upgraded electrical panel, remodeled kitchen and bath, new flooring,
refinished hardwoods, replacement windows, three window AC units. 1,560 sqft, full unfinished
basement, 9,084 sqft lot. Underwritten at market rent of $1,200/mo, 8.0% projected cap at asking
with conservative underwriting (5% vacancy, 10% mgmt, 10% R&M). Part of a 4-property KC
SFR portfolio — portfolio ...