3412 Charlotte St - Multi-Family FOR SALE


Kansas City, MO 64109
$399,000 USD
816-766-1352
3412 Charlotte St, Kansas City, MO for Sale
$399,000 USD
Multi-Family - FOR SALE
1/70
null | 16.18% Cap Rate

3412 Charlotte St
Kansas City, MO 64109


HIGHLIGHTS

  • 10 Bedroom, 9.5 Bath Duplex
  • High-Yield Room Rentals
  • Updated Front Building & Brand New Construction On the Back
  • Projected Gross Income $95,000
  • Great For Mid-Term or Long-Term Rentals
  • Downtown Kansas City Missouri

OVERVIEW

Seize this exceptional investment opportunity at 3412 Charlotte St in Kansas City, MO, where historic charm meets modern construction! Originally a spacious single-family residence, this property has been transformed into a 10-bedroom, 3-story duplex with a unique blend of well-maintained historic front building and brand-new construction in the rear. With a proforma gross income of $95,000+, this property is perfectly set up for high-yield room rentals, appealing to both mid-term and long-term tenants. Each side of this duplex features its own kitchen, with 10 private bedrooms and 9.5 baths spread across both the updated original structure and the newly constructed addition, offering flexibility and ample space for tenants. The front building boasts vintage charm, meticulously updated to match modern standards, while the back addition is fresh, modern, and ready for occupancy. Additionally, the adjacent lot is available for purchase, opening up even more possibilities for expansion, parking, or additional development. Zoned R 2.5, it offers possibilities for single-family or multi-family dwelling. The city previously approved plans to construct a new duplex on this site. Highlights: Strategic Location: Located in the heart of Kansas City, ideal for renters seeking proximity to employment centers, financial district, universities, retail, and amenities. Flexible Investment Opportunity: Perfect for continued room rentals, conversion to multi-family rental model, or owner occupies one structure and rent the other! Proforma Gross Income of $95,000+: Substantial income opportunity by utilizing a proven per room furnished rental model to maximize value. Adjoining Lot Opportunity: The adjoining lot, 3408 Charlotte St., provides an investor an opportunity to increase value through developing an additional structure or creating further amenities for the tenants such as off-street parking, dog run, storage, etc. Transportation Hub: The property benefits from easy access to US-71 and I-35 along with the brand new Streetcar stop just blocks away on Main Street.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

2

PRICE/UNIT

$199,500

CAP RATE

16.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3412 Charlotte

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,982 SF

ZONING

R 2.5

APN/PARCEL ID

29-840-29-35-00-0-00-000

ASK ABOUT THIS PROPERTY

Alex ForsterCates Real Estate CompanyMore Info
816-766-1352

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Alex ForsterCates Real Estate CompanyMore Info
816-766-1352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.