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 stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
- Residential unit is moving out 05/26, updated commercial unit is on month to month lease now, making a live/work opportunity for someone!