2115 31st Street
2115 31st Street, Kansas City, MO – 64109
Overview$398,888.00
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Residential Income
Property Type
Description
Offering this 10 unit mixed use asset with significant add value and development potential at $50K/door! 5 residential and 5 commercial spaces. Rehab the large residential spaces and occupy at market rates. Commercial spaces can be rented with triple net leases allowing an owner’s costs to be 100% covered by the tenant! Hair Salon, mechanic shop, coffee shop and laundromat are a few explored ideas for the commercial space. Whether its a business owner looking to run their own business and earn some cashflow, an investor holding for the long term, or a flipper looking to earn substantial returns post rehab, the options are endless.
Bonus: Large parcel of land included. Land can be used to develop several multifamily units or an additional mixed use asset. Located in an opportunity zone, tax credits and city funding could be utilized to further enhance one’s return!
This listing is in reference to a mixed use and commercial listing # 2472289
There are 5 commercial units below and 5 multifamily units above for a total of 10 rental units. This is a redevelopment opportunity.
Features
- Brick,Frame
- Other
