220 W Armour BLVD Active Save Request In-Person Tour Request Virtual Tour
Kansas City,MO 64111
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Hyde Park
MLS Listing ID 2579451
Year Built 1920
Annual Tax Amount $3,077
Lot Size 3,810 Sqft
Property Sub-Type Duplex
Property Description
Rock solid. Clutch Location. Income-ready WITH VALUE ADD UPSIDE in a THIRD UNIT! This duplex is in terrific condition and has seen multiple upgrades, including a new roof, refinished/new floors (hardwoods in one and wide LVP in other), and fresh interior paint in both units. HVAC systems are just 5 years young! The dynamic and sought after combination of space (1500 sq ft), layout, office/flex room space, 12-foot porches, IN UNIT LAUNDRY, in a bustling and walkable area has allowed ownership to command tremendous rents at $1800 and $1875. Tenants paying for all utilities with exception to water. How about doubling down with higher future cash flows and investment appreciation? THIS is THE PROPERTY! The basement is an incredible opportunity for a third unit - open floor plan, 10 ft. ceilings, exterior entry and agrees windows already in place! Discussions have already been had with city zoning and planning and there are no foreseen issues with rezoning as a triplex. Your investment not only returns as cash flows, but further improves the value of the property for an amazing long-term hold in an ever growing area. Want to owner occupy? For ONLY 5% down, you could occupy one of the units soon while renting out the other. This would cover more than half your monthly payment! This is a property that has been built to stand the test of time in Kansas City's prolific Midtown, minutes from the Crossroads, Downtown, River Market, Westport, and the Plaza. Secure this win today, with room to rise tomorrow!
Location
State MO
County Jackson
Zoning R-0.5
Interior
Heating Natural Gas
Cooling Electric
Laundry In Basement,Inside
Exterior
Parking Features false
Utilities Available Ind Heat And Air,Ind Water Heaters,Separate Meters
Roof Type Synthetic
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash,Conventional,FHA,Private Financing Available,VA Loan
Listing Terms Cash,Conventional,FHA,Private Financing Available,VA Loan
Virtual Tour https://discover.matterport.com/space/ywuxqiPFDKm