225 N 7th ST Active Save Request In-Person Tour Request Virtual Tour
Kansas City,KS 66101
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2572126
Year Built 1930
Annual Tax Amount $3,963
Lot Size 6,534 Sqft
Property Sub-Type Other
Property Description
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.
Location
State KS
County Wyandotte
Zoning C-3
Exterior
Utilities Available Electricity Available,Natural Gas Available,Water Available
Building
Story 2
Others
Acceptable Financing Cash,Conventional,1031 Exchange,Other,Private Financing Available
Listing Terms Cash,Conventional,1031 Exchange,Other,Private Financing Available