15
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Listed by Yaser Khani • Aristocrat Realty
$350,000
Est. payment /mo
0.72 Acres Lot
Pending
2115 31st ST Kansas City, MO 64109
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UPDATED:
01/27/2025 05:26 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Altamont
MLS Listing ID 2474357
Originating Board hmls
Annual Tax Amount $4,800
Lot Size 0.725 Acres
Acres 0.7248393
Property Sub-Type Apartment
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.
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.
Location
State MO
County Jackson
Zoning Retail
Interior
Heating Electric
Cooling Other
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Other
Building
Story 2
Sewer Unknown
Water Unknown - Verify
Structure Type Brick,Frame
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
