Description
5025 Lydia Avenue | Fully Rehabbed Duplex Near the Plaza Welcome to 5025 Lydia Ave, an exceptional, turnkey duplex just minutes from the Country Club Plaza, Brookside, and UMKC! This three-story property has been completely rebuilt from the studs up in 2023?every system, surface, and finish is brand new, making this a truly maintenance-free investment for years to come.** Four car concrete driveway, to be added soon!*** All permits were professionally pulled and completed to code for total peace of mind. Property Highlights Two spacious units spanning over 3,000 total sqft Apt A tenanted (Main Level): 2 Beds | 1 Bath | ~1,122 sq ft ? currently...read more rented for $1,300/month Apt B vacant (Upper 2 Levels): 3 Beds | 2 Baths | ~1,890 sq ft ? last rented for $2,100/month Full-gut renovation (2023) ? all new plumbing, electrical, HVAC, windows, vinyl siding, exterior doors, front & back decks, and landscaping Three separate HVAC systems?one for each floor?for optimal comfort and efficiency Apt B features a large primary suite with a luxury master bath and a bonus kitchenette on the top level?ideal for extended stays or short-term rental flexibility Water separately billed back to tenants; lawn care & management already in place for effortless ownership Investment Appeal Fully turnkey with no deferred maintenance Projected annual gross rent: $40,800 Ideal for house hackers, mid-term rentals, or Airbnb investors Property taxes (2025): $6,900 | Insurance: $2,503 | Mgmt: $1,800 | Lawn: $600 Estimated NOI: ~$25,000 | Cap Rate: ~5.1 % Prime Midtown Location Unbeatable convenience ? just 1.5 mi to the Plaza & Brookside dining, 1.3 mi to the Nelson-Atkins Museum, and walking distance to UMKC & Rockhurst University. Surrounded by redevelopment