3412 Charlotte StKansas City, MO 64109

This exceptional Kansas City, MO investment opportunity presents a 10-bedroom, 3-story duplex at 3412 Charlotte St., boasting a proforma gross income exceeding $95,000. The property, featuring 5,268 square feet on a 5,982 square foot lot, comprises a meticulously renovated historic front building and a brand-new rear addition. Each unit includes its own kitchen, offering a total of 10 private bedrooms and 9.5 bathrooms. The property is zoned R 2.5, allowing for flexibility in usage. With a proforma NOI of $64,552 and a proforma cap rate of 16.18%, this property offers a substantial return on investment. The asking price is $399,000 ($199,500 per unit), with a price per square foot of $75.74. Four parking spaces are available. An adjacent lot is also available for purchase, presenting further development potential. The property benefits from a strategic location, close to employment centers, the financial district, universities, and amenities, with easy access to major transportation routes including US-71 and I-35, and a nearby streetcar stop. The property is ready for occupancy as of December 12, 2024. This is a rare opportunity to acquire a high-income-generating property in a prime Kansas City location.