$450,000
Investment opportunity in historic Hyde Park! This distinctive three-story fourplex offers immediate rental income with three occupied apartments generating $2,745 per month, plus a vacant two-bedroom apartment on the third floor ready for its next tenant or owner occupant. Fully leased, gross monthly income would be close to $4,000! Originally built around the turn of the century, the property features an impressive covered front porch with stone columns, hardwood floors, original architectural details, and a generous off-street parking area behind the building. The vacant third-floor apartment is full of character, with interesting rooflines, dormer windows, hardwood floors, a full kitchen with dishwasher, a clawfoot bathtub, and its own private deck overlooking the neighborhood. Common-area laundry provides additional convenience for residents. The property also previously accommodated a fifth apartment with separate exterior access at the rear, offering an opportunity to explore restoring that space to residential use, subject to applicable zoning, permitting, and city approval. Situated in the heart of Midtown Kansas City, just minutes from Westport, the Country Club Plaza, and a wide variety of shopping, dining, and entertainment. A compelling investment with established income, a vacant unit available to lease, and additional potential for a future owner to explore! Photos are of unit 4 on the 3rd level.
3708 Baltimore Avenue, Kansas City
Listing courtesy of Micah Thomas of Standard Real Estate.
