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.