3717 Baltimore Ave Kansas City, MO 64111
- Commercial real estate
- 3,370 SF
- 0.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3717 Baltimore Ave
- Year built
- 1910
- Lot size
- 0.10 lot acres
- Property size
- 3,370 SF
- Property type
- Commercial real estate
- APN
- 30-220-19-05-00-0-00-000
Description
This exceptional fourplex in Kansas City's desirable Hyde Park neighborhood presents a compelling value-add investment opportunity. The property boasts a 7.6% cap rate and a strong net operating income (NOI) of $45,802, with significant upside potential. Built in 1910 and featuring multiple renovations, this three-story building comprises 3,370 square feet of net rentable space on a 0.1-acre lot. The property includes four units: one 3-bedroom, 2-bathroom unit currently operating as a registered Airbnb, averaging $2311 monthly; and three 1-bedroom, 1-bathroom units currently renting for $800-$1000 per month. Recent improvements include a new composite fire escape, cement walkway, north brick replacement, new sewer lines, most plumbing, and retaining walls. Each unit features separate entrances, central HVAC, refrigerator, stove, dishwasher, and a separate gas meter. The property is zoned R6 and enjoys a prime location, just minutes from the KC streetcar line, the Plaza, and downtown. The asking price is $600,000, or $150,000 per unit. The current occupancy rate is 95%. All information is deemed reliable but not guaranteed and should be independently verified. Please note that only the Airbnb unit is currently available for showings. Other units will be shown during the inspection/due diligence period.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.586849
- Latitude
- 39.05958
