N Kokomo Ave, Derby, KS 67037

3 Beds / 1 Baths • 960 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 1
  • 1954
  • 960
  • 8200
  • Detached Garage

Description

This 3-bedroom, 1-bathroom single-family home on N Kokomo Ave offers a solid investment opportunity in Derby. Built in 1954 and spanning a spacious 1,960 sqft on an 8,200 sqft lot, it features a 2-car detached garage with a convenient driveway for extra parking.

Key Property Highlights:

  • Recent Upgrades: Equipped with a new furnace, new water heater, and updated water line, ensuring reliability and long-term efficiency.

  • Detached Garage: Provides ample space for parking, storage, or a workshop.

  • Investment Potential: With a starting bid price of $121,000 and an estimated ARV of $162,000, this property offers significant upside for both investors and homeowners.

  • Low Taxes: Annual taxes are just $1,500, minimizing the financial burden for buyers.

Although the home requires only some carpet replacement, it’s vacant and ready for immediate improvements. With minimal work needed to reach its estimated ARV, this property is an ideal project for those seeking a profitable flip or a rewarding rental investment.

Financial Overview:

  • Starting Bid Price: $121,000

  • Estimated ARV: $162,000

  • Minimum EMD: $2,500

  • Annual Taxes: $1,500

With its practical upgrades, spacious layout, and low taxes, N Kokomo Ave is a smart choice for anyone looking to capitalize on Derby’s real estate market. Act quickly to secure this opportunity and unlock its full potential.

Estimated Spread

  • ARV $162,000
  • Price $121,000
  • Spread $41,000

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