Fully renovated and furnished 3-story property ideally configured for furnished room rentals. Property consists of 9 rentable rooms, 5.5 updated baths, and totals 3,168 sq ft. Recent improvements include new roof, exterior paint, siding, windows, front steps, modern kitchen with stainless appliances, updated flooring throughout, and fully remodeled bathrooms.
Previously rented furnished rooms averaged $785/month per room. Projected effective gross income approximately $77,502 annually (including 10% vacancy and laundry income), with projected NOI around $51,305 annually, offering a strong 17.1% proforma cap rate.
Strategically located near KU Medical Center (1.6 miles), St Lukes Hospital (1.8 miles), The Plaza, Westport, and Downtown KC, providing stable rental demand from medical professionals, students, and urban professionals.
Key Features:
- 3,168 sq. ft. of updated living space & an additional 1,017 sq. ft. unfinished
- Large modern kitchen featuring updated cabinetry, stainless steel appliances, pantry, and durable LVP flooring
- Newer LVP flooring throughout the entire home
- Classic brick fireplace and abundant natural lighting
- Renovations include two fully remodeled bathrooms, brand-new flooring on the third floor
- Full, unfinished basement with dedicated laundry area
- Recent major improvements: brand new roof, exterior paint, 12 new rear windows, new siding, new concrete front porch steps