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5121 Thompson Avenue, Kansas City, MO 64124
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$465,000
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Home Details for 5121 Thompson Avenue
Price
$465,000
Type
Multi Family
Year Build
1923
Sq. Ft.
3496
Lot Size
0.09
County
Jackson
Tax
$4,712
MLS®️ Listing#
2516347
On exitrealty.com
360 days
Property Description
Back on the market, no fault of the sellers—inspections available! This 8-unit multifamily is a true value-add opportunity in a prime downtown location. Each unit is a 1 bed/1 bath, and the property already has major updates including new windows, fresh flooring, a brand-new concrete patio, and the majority of the units have had the appliances and PTAC units replaced. The property recently appraised for $600,000. This 8-PLEX is currently grossing $5,154 per month with only 6/8 units rented! Due to this, the property exceeds the 1% rule at only 75% occupancy! Come quick - This property will not last long!
- Cooling Information
- None
- Window Unit(s)
- Utilities
- Cent Water Heater
- Separate Meters
- Parking
- On Street
- Other
- Heating Information
- Natural Gas
- Water Features
- Public
- House Interior
- Storage
Listing Courtesy: EXP Realty LLC - 816-745-8906
Based on information submitted to the MLS GRID as of 2025-10-13 17:15:31. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-10-13 17:15:31
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$465,000
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EXIT REALTY PROFESSIONALS
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