Description
Incredible investment opportunity in the Longfellow neighborhood! This stone duplex sits on a double corner lot with a beautiful wrap-around front porch and stunning original woodwork throughout. Floor 1 Unit = 2 bed/1 bath. Floor 2 and 3 are combined making for a huge 3 bed/2 bath unit. The property offers a significant value-add opportunity for new ownership to make minimal cosmetic improvements and achieve market rent in this highly desired neighborhood. Tenants pay all utilities and all units are separately metered (including water). Zoning, per the KCMO parcel viewer, allows for 5 units. Separating the 2nd and 3rd floor to create an additional unit is a possibility. The attached lot is valuable on its own and could be used for new construction for single-family or multi-family units. Adding a carriage house or garage would also be a great use. The property was inherited at the end of 2021 and the owner had lived in the 1st floor unit, so there is no rental history for unit 2901. Long-term tenants occupy Unit 2903, and the current rent of $1,150 is well below current market rates.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
Description
Incredible investment opportunity in the Longfellow neighborhood! This stone duplex sits on a double corner lot with a beautiful wrap-around front porch and stunning original woodwork throughout. Floor 1 Unit = 2 bed/1 bath. Floor 2 and 3 are combined making for a huge 3 bed/2 bath unit. The property offers a significant value-add opportunity for new ownership to make minimal cosmetic improvements and achieve market rent in this highly desired neighborhood. Tenants pay all utilities and all units are separately metered (including water). Zoning, per the KCMO parcel viewer, allows for 5 units. Separating the 2nd and 3rd floor to create an additional unit is a possibility. The attached lot is valuable on its own and could be used for new construction for single-family or multi-family units. Adding a carriage house or garage would also be a great use. The property was inherited at the end of 2021 and the owner had lived in the 1st floor unit, so there is no rental history for unit 2901. Long-term tenants occupy Unit 2903, and the current rent of $1,150 is well below current market rates.
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