Off-Market Metro Kansas City $40k-$60k Below Market Value

Why Consider This One

• Ranch style with a basement (locally, Ranch are very desirable)
• Sits on a cul-de-sac
• C Schools
• House has a lot of potential BUT needs lots of work – EXTENSIVE COSMETICS
• Located ~15 miles/ ~15 mins from downtown Kansas City, in a growing section of Kansas City

About The Property

• Main floor: 3 Bedrooms, 1 Bathroom
• Basement: 2 bedrooms and 1 3/4 (shower) – both non-conforming.
• Windows are original 
• 1300 sq ft above grade
• 1700 sq ft below grade (home extends under garage) 
• 3 bedrooms upstairs 
• 1 full bathroom upstairs 
• HVAC – A/C 2024, Furnace 2023
• Hot Water Tank – unknown
• Foundation – no signs of water / leaks, very sturdy steel beams as well 
• Roof – 2017
• New dishwasher
• Sewer line – original / no issues that seller knows of
• Fenced in backyard 
• Creek on back of property for rainwater, not a flood zone

Work Needed (or Suggested)

• Initial walk through estimate 60K (no windows, 75K with windows)
• Total clean out of trash and pet waste (depending on what tenant leaves) 
• Full Exterior landscape clean up (trims, bushes, curb appeal)
• Full interior paint  
  • Including drywalling the dining room and living room on main level
  • Refinish green tiled bathroom, also needs to have a shower head added over a tub currently
  • Paint kitchen cabinets 
  • Paint all ceilings, walls, trim, doors upstairs 
• Update kitchen and appliance with granite countries, new hardware
• New light fixtures
• New windows (optional)
• Inspect chimney and fireplaces 
• Laundry room – drywall and re-arrange for the hookups on the back wall 
• Touch up basement bathroom (full bathroom)
• Refinish all upstairs hardwoods 
• New ceiling fans in 3 upstairs bedroom 
• OPTIONAL ITEMS:
• Finish out full basement – drywall, framing, lighting, lvt flooring
• Finish out 2 bedrooms in basement (currently exited, but are non-conforming) 
• Potential for another half bath on main level in laundry room

What Can You Do with This house

Option 1: “Keep It simple” – clean, paint, fix the main floor and ext., make it nice and pretty and rent it as a 3/1.

Option 2: Option 1 + add 1/2 or full bath in the main floor (ideally while keeping W&D hookups in the main floor) and rent it as a 3/1.5

Option 3: Option2 + finished bathroom and bedroom in the basement making it 5 bedroom, 2.5 baths and rent it for a higher rent plus increase its market value, and rent it.

Your Next Step