Price Reduction
Address
2115 31st Street, Kansas City, MO
Price
$ 398,888
Property Attributes
- ID#2474357
- TypeMulti-Family
- CountyJACKSON
- CityKansas City
- Area202 - Kansas City Area
- NeighborhoodAltamont
- Zip64109
- Style
- Taxes$ 4800
- Price$ 398,888
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.724839 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
Offering this 10 unit mixed use asset with significant add value and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at market rates. Commercial spaces can be rented with triple net leases allowing an owner's costs to be 100% covered by the tenant! Hair Salon, mechanic shop, coffee shop and laundromat are a few explored ideas for the commercial space. Whether its a business owner looking to run their own business and earn some cashflow, an investor holding for the long term, or a flipper looking to earn substantial returns post rehab, the options are endless. Bonus: Large parcel of land included. Land can be used to develop several multifamily units or an additional mixed use asset. Located in an opportunity zone, tax credits and city funding could be utilized to further enhance one's return! This listing is in reference to a mixed use and commercial listing # 2472289 There are 5 commercial units below and 5 multifamily units above for a total of 10 rental units. This is a redevelopment opportunity.
| Price History | |
|---|---|
| 2/23/2024 | Listed $500,000 |
| 4/10/2024 | 7% - $465,000 |
| 5/2/2024 | 15% - $398,888 |
General Features
| Sewer | Unknown |
|---|---|
| Heating | Electric |
| Cooling | Other |
| Utilities | Other |
| Roof | Other |
| Zoning | Retail |
| Construction Materials | Brick,Frame |
| Property SubType | Apartment |
| Assoc Fee Paid Per | None |
| County | Jackson |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | Altamont |
| Garage Y/N | No |
| Status | Active |
| Directions | HYW 71,then East on 31st street,the property sits on the corner of 31st and Brooklyn. |
| City | Kansas City |
| High School District | Kansas City Mo |
| Total Units | 10 |
| MLS Area | 202 - Kansas City Area (So. of River) |
| Lot Size Square Feet | 31574 |
| Street Name | 31st |
| Listing Terms | Cash,Conventional,Other |
| Public Remarks | Offering this 10 unit mixed use asset with significant add value and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at mark |
| Standard Status | Active |
| In Flood Plain | No |
| HMS_MaintenanceProvidedYN | No |
Interior Features
| Total Stories | 2 |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | No |
| Street Suffix | Street |
| Unit Type | 1 Bedroom,2 Bedroom |
Exterior Features
| Parking Features | Leased |
|---|---|
| Water Source | Unknown - Verify |
| Lot Size Area | 31574 |
| Lot Size Units | Square Feet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 64109
Price
Taxes
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