5708 Park Avenue

Built in 1923 in Kansas City's South Prospect Place neighborhood, this cozy 1-bedroom, 1-bath bungalow offers 512 square feet and a full basement for storage. It's a classic fixer-upper — solid bones, ready for someone to bring it back to life. Priced at $44,000 and sold as-is, this one is built for investors. Currently vacant and easy to show, the numbers work at an estimated $1,050/month in rent — pencilling out to roughly $8,200 in projected annual net cash flow and a cap rate in the high teens, a rare find in today's Kansas City market. Whether you're eyeing a rental hold, a flip, or a budget-friendly renovation project, this is a rare entry point at this price. City water and sewer, gas forced-air heat, off-street parking, and a covered porch round out the basics.