The Waldo neighborhood of Kansas City is seeing some pretty darned good activity right now on rental property. I know of two different units that went up for rent about or less than 30 days ago. One has a tenant already in it and one received a deposit last evening.
As I’ve already told you a couple weeks back I’m seeing a lack of inventory that is ripe for cherry picking. There are homes to be had. But the “deals” everyone dreams of when watching their local news are just not there. While it is certainly not a seller’s market in Waldo neither is it a buyer’s market. If the inventory is priced according to it’s condition it will sell quickly. Same goes for the rental possibilities.
Waldo is a section of Kansas City that I just love for rental properties. If you are looking for an investment property it’s a great place to start. I also I have my eye on a place up in the East Plaza area.