Clean Kansas City Duplex

  • $149,900
Wallace Ave, Kansas City, MO 64129

Overview

  • Duplex
  • Property Type
  • 3
  • Bedrooms
  • 2.00
  • Bathrooms
  • 1,913
  • Light
  • Estimated Rehab Cost
  • $220,000-$240,000 +/-
  • Estimated ARV

Description

This ~1,900 sq ft duplex in Kansas City is split into a 2-bed/1-bath unit (~1,000 sf) and a 1-bed/1-bath unit (~900 sf). Built in 1944, the property sits on a 0.39-acre lot with two electric meters and a shared water line. The septic system was recently pumped.  Property has month to month tenants who know they need to leave.

The building is structurally solid but needs a new roof and cosmetic updates throughout to reach full rental and/or resale potential. Both units will benefit from fresh paint, updated flooring, kitchen/bath improvements, and new fixtures. With stabilized rents of $1,800–$2,000/month  +/-

🛠️ Rehab Scope

  • Roof replacement
  • Interior cosmetics: paint, LVP flooring, updated lighting & fixtures
  • Kitchen refreshes: cabinets, counters, appliance packages
  • Bath updates: vanities, mirrors, lighting, reglaze/tile work
  • Exterior touch-ups: paint, gutters, curb appeal
  • Maintain/service septic system

🔴 Recently Sold / Pending Comps

  • 2909 Topping Ave (Duplex) – ~1,800 sf, fully renovated → Pending $275,000 – top-end benchmark, new roof/siding/windows/kitchens/baths
  • 2623 E 29th St (Duplex) – ~2,000 sf, updated in 2022 → Listed $190,000 – mid-level finish, partial tenant in place
  • 5521 Wallace Ave (SFR) – 2,313 sf, built 1962 → Sold $268,000 ($116/sf) – renovated, retail buyer pool

Details

  • Price: $149,900
  • Property Size (Sq. ft.): 1,913
  • Land Area (Acres): 0.00
  • Garage: Open Parking
  • Year Built: 1944
  • Property Type: Duplex
  • Property Status: Cash Flow, Flip
  • County: Jackson
  • Estimated ARV: $220,000-$240,000 +/-
  • Estimated Rehab Cost: Light
  • Estimated Monthly Rent: $1,800 - $2,000 +/-
  • Yearly Taxes: $1,078
  • HOA Monthly Cost: $0
  • Construction Type: Frame, Brick
  • Pool: None
  • Water-Front/Views: no

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