3704 Central St - Multi-Family FOR SALE


Kansas City, MO 64111- Hanover Place
$329,000 USD
816-766-1352
3704 Central St, Kansas City, MO for Sale
$329,000 USD
Multi-Family - FOR SALE
1/55
null | 15.59% Cap Rate

3704 Central St
Kansas City, MO 64111
Hanover Place


HIGHLIGHTS

  • Major Improvements: New Roof, 12 New Windows, LVP Flooring, New Siding
  • 9 Rentable Bedrooms | 5.5 Bathrooms
  • Prime Location Near Plaza, Westport, Downtown Kansas City
  • Enhanced Enterprise Zone & Urban Redevelopment District
  • Strong Rental History & High Demand Area
  • High foot traffic

OVERVIEW

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 15.59% 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.

FOR SALE DETAILS

PRICE

$329,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

9

PRICE/UNIT

$36,556

CAP RATE

15.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,903 SF

ZONING

UR - Urban Redevelopment

APN/PARCEL ID

30-220-22-21-00-0-00-000

ASK ABOUT THIS PROPERTY

Alex ForsterCates Real Estate CompanyMore Info
816-766-1352

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Alex ForsterCates Real Estate CompanyMore Info
816-766-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.