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913-380-4554
Real Estate Company
3716-3718 E 9TH Street, Kansas City, MO 64124
- $300,000
- List Price
- $300,000
- Closing Date
- Mar 02, 2026
- MLS#
- 2598058
- Status
- SOLD
- Type
- Multifamily
- Lot Size
- 13,343
- Acres
- 0.31
- Subdivision
- Phillips' Charles E Add
Property Description
Turnkey, fully furnished duplex in Kansas City’s popular Northeast corridor—currently operated as a transitional living home with strong income performance and a plug-and-play setup for the next owner. Built in 1998 for lower-maintenance ownership, each unit offers separate electric metering for simpler management and clean utility allocation. The property features Unit 3716 (3 bed / 1 bath) and Unit 3718 (4 bed / 2 bath), with recent improvements including LVP flooring and modern appliances, supporting tenant satisfaction and long-term durability. Convenient access to downtown makes this a compelling option for investors targeting furnished housing demand. Income opportunity (per provided financials): Gross annual income: $72,000, Operating expenses: $19,129, Net operating income (NOI): $52,871/year (˜ $4,406/month). Cap rate (based on $300,000 list price): ~17.6% Ideal for seasoned landlords looking to expand with a high-yield asset, or investors seeking a furnished, operationally streamlined acquisition with multiple exit strategies (transitional housing, furnished mid-term rentals, or traditional leasing).
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Additional Information
- Year Built
- 1998
- School District
- Kansas City Mo
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Frame, Vinyl Siding
- Water
- Public
- Cooling
- Electric
- Heating
- Electric
- Taxes
- $2,129
- Zoning
- multi
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Listing courtesy of Andrew Hicklin of ReeceNichols-KCN.
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