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If you love a home with character, this bungalow is worth a look! Over 100 years old, this home has a charm of its own! Recently updated, this home features a great layout, main floor laundry, and two full bathrooms. There's also a quaint back porch that's perfect for enjoying your morning coffee, and a backyard with plenty of room to make it your own! Located just 9 minutes from Downtown Kansas City and about 10 minutes from the site of the proposed downtown Royals stadium, you're close to all the exciting things happening around the city. This home offers an affordable opportunity to make a place your own, build equity, or add to your investment portfolio. There's even alley access behind the property, offering the potential to add a driveway for convenient off street parking. Whether you're looking for a place to call home or a starter investment property, this home has SO much potential!

3 Beds ⋅ 1.5 Baths

2302 Montgall Avenue, Kansas City

Listing courtesy of Alexsys Jefferson-Wilson of Weichert Realtors - Generations.

$399,950

*ALL UNITS OCCUPIED* Investment opportunity in the heart of Waldo! Offered at $399,995, this all-brick fourplex generates approximately $48,000 in annual gross rental income with an estimated NOI of $35,334—representing an attractive 8.3% cap rate and a price of approximately $99,999 per unit. Each unit is a 2/1 with approx. 972 sqft of living space. Each spacious unit offers a comfortable, house-like feel that sets the property apart from a typical apartment building. Tenants also enjoy large private basement storage areas with laundry hookups and ample off-street parking. Utilities are separately metered and paid by the tenants, except for water, helping simplify operations and control owner expenses. The property is within walking distance of Waldo’s popular shops, restaurants, and neighborhood amenities, while remaining just minutes from State Line Road and convenient access to Kansas. Current average rents are approximately $1,000 per unit per month, leaving additional value-add potential. Rents could reach $1200/mo based on surrounding properties. With strategic updates as units turn, a future owner may have the opportunity to improve the units, increase rents, grow NOI, and strengthen the property’s long-term value. With durable all-brick construction, strong current income, spacious units, exceptional storage, ample parking, and an established Waldo location, this property offers an appealing combination of immediate cash flow and future upside.

8030 Campbell Street, Kansas City

Listing courtesy of Nic Helm of Sold in KC LLC.

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