225 N 7th ST Kansas City, KS 66101
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2572126
Year Built 1930
Annual Tax Amount $3,963
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Other
Source hmls
Property Description
Fully occupied, mixed-use investment property, residential and commercial - beautiful historic stone, downtown row store, in a prime KCK location! Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income!
- Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
Location
State KS
County Wyandotte
Zoning C-3
Interior
Interior Features Storage, In-Law Floorplan
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
Building
Story 2
Others
Acceptable Financing Cash, Conventional, 1031 Exchange, Other, Private Financing Available
Listing Terms Cash, Conventional, 1031 Exchange, Other, Private Financing Available
NEARBY SCHOOL & BUSINESS
- 6
Crossroads Academy of Kansas City
Public | KG - 6
- 5
Emerson Elementary School
Public | KG - 5
- 5
Foreign Language Academy
Public | PK - 8
- 4
McKinley Elementary School
Public | KG - 5
- 3
Frances Willard Elementary School
Public | KG - 5
- 2
John Fiske Elementary School
Public | PK - 5
- 2
Bertram Caruthers Elementary School
Public | KG - 5
- 1
New Stanley Elementary School
Public | KG - 5
- 1
Parker Elementary School
Public | KG - 5
- 1
Quindaro Elementary School
Public | PK - 5
- 1
Silver City Elementary School
Public | PK - 5
- 1
Chelsea Elementary School
Public | KG - 5
- 1
Mark Twain Elementary School
Public | KG - 5
- 1
M E Pearson Elementary School
Public | PK - 5
- 1
Whittier Elementary School
Public | KG - 5
- 1
Douglass Elementary School
Public | KG - 5
- 1
Grant Elementary School
Public | KG - 5
- 1
Banneker Elementary School
Public | KG - 5
- 1
Primitivo Garcia Elementary School
Public | PK - 6
- 1
Alta Vista Elementary School
Public | KG - 1
- 10
Sumner Academy of Arts & Science
Public | 8 - 12
- 1
Argentine Middle School
Public | 6 - 8
- 1
Northwest Middle School
Public | 6 - 8
- 1
Central Middle School
Public | 6 - 8
- 1
Rosedale Middle School
Public | 6 - 8
- 1
Alta Vista Middle School
Public | 6 - 8
- 0
School for Blind High School
Public | 7 - 12
- 0
Alternative Resource Center
Public | 6 - 12
- 1
J C Harmon High School
Public | 9 - 12
- 1
Wyandotte High School
Public | 9 - 12
- 0
Bishop Ward High School
Private | 9 - 12
- 0
Alta Vista Charter School
Public | 9 - 12
- 0
Cristo Rey Kansas City
Private | 9 - 12
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