Property Description:
This property could be a beautiful property. Comps are good in this upcoming area.
COMPS:
Street Address City State Zip Property Type Status Date Amount (MLS) Days On Market Beds Baths SqFt Lot SqFt Year Built PPSF Pool Present Sale Situation Multi-Parcel Distance
3315 Brooklyn Ave Kansas City MO 64109 Single Family Residential MLS Sold Feb-23 156760 37 3 2 1772 4065 1905 88.47 No No 0.38
2728 Wabash Ave Kansas City MO 64109 Single Family Residential MLS Sold Apr-23 240730 84 3 2.5 1715 4800 1909 140.37 No No 0.38
3328 Brooklyn Ave Kansas City MO 64109 Single Family Residential Public Record Sold 5/24/23 178552 3 1 1527 4329 1910 116.93 No No 0.41
Since this is three lots, it would be a great opportunity for a tear down and rebuild rather than rehabbing the current structure.
Per contract, the seller is paying 2022 taxes and their closing costs
ARV $240k
Asking $40k
It is a very large rehab project if you choose full rehab. We estimated around $136k. It needs everything and has structural damage.
It was purchased in 2020 right before COVID and then squatters caused a fire so it was cited as a dangerous building. The seller claims to have had the paperwork for the permits, but not the money to fix the property so it has remained vacant since then.
Due to the property sitting between two vacant lots, it may also be a great candidate for a tear down and build some new housing.
Pictures available here: mastiffhomebuyers.com/property/contract-for-sale-3012-brooklyn-ave/