Active ● Condo

2115 31st Street

Kansas City, MO 64109
$375,000
10668 sqft

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Listed by: Yaser Khani 8169290000

Aristocrat Realty 8162007234

Source: Heartland MLS

MLS#: 2474357

Overview

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: $375,000

Price / Sq Ft: $35

Property Type: Condo

Sq Ft: 10,668

MLS #: 2474357

Days On Market: 193

Status: Active

Exterior

Roof: Other

Stories Total: 2

Interior

Heating: Electric

Cooling: None, Other

Lot Information

Acres: 0.72

Lot Size Area: 31,574

Lot Size Square Feet: 31,574

HOA / Financial Information

Tax Annual Amount: $4,800

Area Information

Address: 2115 31st Street

City: Kansas City

Zip: 64109

County: Jackson

State: Missouri

Subdivision: Altamont

Area: 202 - Kansas City Area (So. of River)

Directions: H Y W 71, then East on 31st street, the property sits on the corner of 31st and Brooklyn.

Zoning Description: Retail

School Information

School District: Kansas City Mo

More Facts And Features

Parking Features: Leased

Sewer: Unknown

Utilities: Other