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Listed by Maddy Morell • 1st Class Real Estate KC
$399,000
Est. payment /mo
6,534 Sqft Lot
Active
225 N 7th ST Kansas City, KS 66101
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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
Acres 0.15
Property Sub-Type Other
Source hmls
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.
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
Interior
Interior Features Storage, In-Law Floorplan
Fireplace N
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
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