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Other - Kansas City, KS
Fully occupied, mixed-use investment property, residential and commercial - beautiful historic stone, downtown row store, in a prime KCK location! Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income!
- Strong tenant stabil...
- Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
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