5121 Thompson Avenue, Kansas City, MO 64124

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 combination of two parcels into one large lot. It recently appraised for $600,000. Current occupancy sits at 50% due to tenant turnover and a change in management, but the rented units are already achieving $1,000+ per month. That supports a pro forma gross rent of $8,000 monthly once stabilized, making this a strong opportunity to capture upside and long-term cash flow.