3412 Charlotte StKansas City, MO 64109

Property Details for 3412 Charlotte St

Year built

2024

Property size (Sq ft)

5,268 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.065

Longitude

-94.5754

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