Price Reduction
Listed By:
Aristocrat Realty
Address
2115 31st Street, Kansas City, MO
Price
$ 398,888
Property Attributes
  • MLS#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
AVG $1.25M
$400K
Taxes
AVG $14,210
$4,800
Visits
AVG 135
170
Data Provided by Inside Real Estate®