Separate metered utilitiesSpace for additional parkingUpdated kitchensDedicated hvac units
Exceptional mixed-use investment opportunity in Kansas City's highly desirable Westport/Plaza corridor. This property features an income-producing commercial space on the first floor, three fully renovated turnkey apartment units above, and an additional lot at 3915 Washington St.(Lot size +-6000 sf) that offers future flexibility for parking, outdoor amenities, or potential expansion, subject to city approvals. The commercial space provides excellent street visibility along Broadway Blvd and currently generates approximately $21,000 annually in rental income. The tenant is currently operating on a month-to-month basis, creating the opportunity to negotiate a long-term lease and further stabilize the asset. The three residential units have been extensively renovated with updated kitchens, bathrooms, finishes, systems, appliances, dedicated HVAC units, separate metered utilities, and a new roof serving the property. The apartments were rebuilt with the intention of resuming rental operations, allowing a new owner to acquire a substantially improved asset without the burden of a major renovation project. The residential component offers multiple income strategies, including traditional long-term rentals, short-term rentals (subject to applicable city approvals), or a hybrid approach. The property has a prior short-term rental operating history with reported annual revenue ranging from $90,000 to $100,000.The additional lot enhances the investment potential by providing space for additional parking, tenant amenities, outdoor gathering areas, or future development opportunities, subject to zoning and city requirements. Disclaimer
What the owner loves about this home
Exceptional mixed-use investment opportunity in Kansas City's highly desirable Westport/Plaza corridor. This property features an income-producing commercial space on the first floor, three fully renovated turnkey apartment units above, and an additional lot at 3915 Washington St.(Lot size +-6000 sf) that offers future flexibility for parking, outdoor amenities, or potential expansion, subject to city approvals. The commercial space provides excellent street visibility along Broadway Blvd and currently generates approximately $21,000 annually in rental income. The tenant is currently operating on a month-to-month basis, creating the opportunity to negotiate a long-term lease and further stabilize the asset. The three residential units have been extensively renovated with updated kitchens, bathrooms, finishes, systems, appliances, dedicated HVAC units, separate metered utilities, and a new roof serving the property. The apartments were rebuilt with the intention of resuming rental operations, allowing a new owner to acquire a substantially improved asset without the burden of a major renovation project. The residential component offers multiple income strategies, including traditional long-term rentals, short-term rentals (subject to applicable city approvals), or a hybrid approach. The property has a prior short-term rental operating history with reported annual revenue ranging from $90,000 to $100,000.The additional lot enhances the investment potential by providing space for additional parking, tenant amenities, outdoor gathering areas, or future development opportunities, subject to zoning and city requirements. Disclaimer All property information, income projections, rental assumptions, zoning, permitted uses, expenses, development potential, and future expansion opportunities are provided for marketing purposes only and should be independently verified by buyers and their representatives.
27 days
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979
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36
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Listed by:
Property Owner(816) 456-8458
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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