2120 Faraon Street
Property Description
Own a remarkable piece of local history with exceptional income potential at 2120 Faraon Street. Originally constructed as a grand private residence and once owned by a prominent local business leader, this impressive mansion was converted into apartments in 1930 and continues to showcase the character and craftsmanship of a bygone era. Today, the three-story property offers nine separately metered apartments, including one studio unit, making it an outstanding investment opportunity. Tenants and guests are welcomed by a large covered front porch and beautiful vintage common areas filled with historic charm and architectural detail. Two occupied units provide immediate rental income, while three fully furnished apartments are fully stocked and ready for short-term or long-term renters. Four additional units are ready for a new owner's finishing touches, creating significant value-add potential. The building is served by a central gas heating system and central water heater, while the basement offers ample storage space and potential for shared laundry facilities. With multiple revenue streams and room for growth, this unique property combines historic appeal with strong investment fundamentals. Once fully occupied and leased, the property has the potential to generate in excess of $7,000 per month in gross rental income. Whether you're seeking a distinctive addition to your portfolio or an opportunity to restore and maximize a local landmark, 2120 Faraon Street offers character, history, and income potential that are increasingly difficult to find.
Broker Details
Berkshire Hathaway HomeServices Stein & Summers Real Estate (816) 232-2000
MLS ID: 413599992 State License Number: 2020031305
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $485,000 |
| No. of Units: | 9 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $53,889 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-HMLSKS-2626902
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