844 Washington Boulevard

Description

NICE fourplex in the heart of KCK and less than a mile to Strawberry Hill. The entire building had a makeover just 2 years ago including new roof, windows, and exterior paint, high efficient mini-split heating and cooling systems, interior paint, flooring, fixtures, kitchens, and appliances, plus laundry hookups in basement metered for each unit and structural work. Each unit is 1 bedroom, 1 bath and the building is fully occupied with gross monthly rent of $3,090 and tenants paying all their own utilities. Great opportunity for a turnkey investment at 6.8% cap rate OR potential for live-in house hacking opportunity as the condition of the property would easily pass for FHA low down payment owner occupant. Any way you look at it, it’s an easy YES and opportunities like this do not come along often. Lots of new construction on the block also demonstrates this property is in the path of progress and revitalization.