$600,000
$600,000
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2,473 Sqft Lot
SOLD DATE : 05/05/2023
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Tullis Park
MLS Listing ID 2423000
Sold Date 05/05/23
Year Built 1912
Annual Tax Amount $2,700
Lot Size 2,473 Sqft
Acres 0.05677227
Lot Dimensions 2473
Property Sub-Type Triplex
Property Description
Turnkey Air B - n - B! This one is beautiful; The owner spared no expense bringing this back to life. The property is licensed with the city to operate as a Short Term Rental (STR). Revenue is off the charts. Average days rented are 75% - see supplements for city license and revenue history. Features include recent updates and lavish furnishings! This one shows well. All Furnishings and linens remain with the property and are included in the sale. All new fixtures and appliances stay. There is also an unfinished area in the basement that can be remodeled for additional revenue. Opportunity awaits! All units have short term tenants paying $6,000 per month on average total. Cap Rate analysis is available in Supplements for this property, 8.1% Cap Rate. Tenant base comes from Air BNB and Furnished Finder for Nurses and traveling professionals. The renovation is recent and the revenue stream shows 10 months of history. Expenses for the property include Taxes Insurance utilities and property management. NOI is $53,520 per year projected. Don't miss this it will go fast!
Location
State MO
County Jackson
Zoning MF
Rooms
Basement true
Interior
Interior Features Private Entry
Heating Natural Gas
Cooling Electric, Window Unit(s)
Fireplace N
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Built-In Electric Oven, Washer
Laundry Utility Room
Exterior
Parking Features false
Utilities Available Cent Water Heater, Separate Meters
Roof Type Composition
Building
Story 3
Sewer City/Public
Water Public
Structure Type Frame, Vinyl Siding
Schools
Elementary Schools Longfellow
Middle Schools Central
High Schools Central
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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