$924,900
Exceptional mixed-use investment opportunity in Kansas City's highly desirable Westport/Plaza corridor. This property features an income-producing commercial space on the first floor, three fully renovated turnkey apartment units above, and an additional lot at 3915 Washington St.(Lot size +-6000 sf) that offers future flexibility for parking, outdoor amenities, or potential expansion, subject to city approvals. The commercial space provides excellent street visibility along Broadway Blvd and currently generates approximately $21,000 annually in rental income. The tenant is currently operating on a month-to-month basis, creating the opportunity to negotiate a long-term lease and further stabilize the asset. The three residential units have been extensively renovated with updated kitchens, bathrooms, finishes, systems, appliances, dedicated HVAC units, separate metered utilities, and a new roof serving the property. The apartments were rebuilt with the intention of resuming rental operations, allowing a new owner to acquire a substantially improved asset without the burden of a major renovation project. The residential component offers multiple income strategies, including traditional long-term rentals, short-term rentals (subject to applicable city approvals), or a hybrid approach. The property has a prior short-term rental operating history with reported annual revenue ranging from $90,000 to $100,000.The additional lot enhances the investment potential by providing space for additional parking, tenant amenities, outdoor gathering areas, or future development opportunities, subject to zoning and city requirements.
Disclaimer
All property information, income projections, rental assumptions, zoning, permitted uses, expenses, development potential, and future expansion opportunities are provided for marketing purposes only and should be independently verified by buyers and their representatives.
3912 Broadway Boulevard, Kansas City
Listing courtesy of Asiyah Lites-Rasheed of KW KANSAS CITY METRO.