2305 E 37TH Street
Property Description
Stabilized 1917 brick six-unit in Kansas City's Finsbury Park, 100% occupied and producing $5,400/month in gross scheduled rent. Six identical 2BR/1BA units at 821 sq ft, each with a private balcony. The building underwent a comprehensive renovation completed within the last several years. Per prior documentation, work included roof, electrical service and panels, wiring, plumbing, water heaters, HVAC with forced air and central A/C in each unit, thermal windows, kitchens and baths. Units are separately metered; tenants pay their own gas, electric and water, which keeps the owner expense load light. Solid brick construction, metal roof, full basement, 11,812 sq ft corner lot. Not in a flood zone. A performing asset for an investor seeking in-place cash flow rather than a repositioning project. All units occupied. 48 hour notice required for showings. Rent roll, leases and financials available to qualified buyers upon request. All information about the property is deemed correct and reliable. Buyer and buyer's agent to verify all information pertaining to the property. DO NOT disturb the tenants. No sign in the yard. All photos were taken when property was remodeled prior to tenants moving in.
Broker Details
Wardell & Holmes Real Estate, LLC (816) 416-7111
MLS ID: 413596687 State License Number: 2008031950
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $690,000 |
| No. of Units: | 6 |
| Year Built: | 1917 |
| Opportunity Zone: | No |
| Price per unit: | $115,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 1 |
ID: 3yd-HMLSKS-2632689
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