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Listed by Parker Beck • Compass Realty Group
$595,000
Est. payment /mo
5,623 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Troost Highlands
MLS Listing ID 2619390
Year Built 1920
Annual Tax Amount $5,185
Lot Size 5,623 Sqft
Acres 0.12908632
Property Sub-Type Duplex
Source hmls
Property Description
The property at 901 E. 39th is a meticulously restored, two-story brick complex located in the highly sought-after historic South Hyde Park neighborhood of Kansas City, Missouri. Constructed in 1920, this classic-style building exudes timeless charm while offering modern conveniences, making it an exceptional investment opportunity. The complex comprises two fully renovated 2-bedroom units, each with a thoughtfully designed footprint of approximately 1,300 square feet. Residents enjoy private patios or balconies with picturesque neighborhood views, as well as five off-street parking spaces. Following an extensive to-the-studs rehabilitation project completed in 2021, the property has been fully stabilized and now operates as a furnished short-term rental property with average rents of $2,500/month. The property is owner-operated and leased through Airbnb & Furnished Finder to traveling nurse and electrician programs.
Each unit has been upgraded to Class A standards, featuring high-end finishes including stainless steel appliances, quartz countertops, new windows, in-unit washers and dryers, fully updated bathrooms & kitchens, new fixtures, new paint, and refinished flooring. Additionally, significant infrastructure improvements include the installation of new electrical and plumbing service as well as a new sewer. Modern amenities include central air conditioning, individual hot water heaters, and separate utility metering for gas, electric, and water, ensuring optimized operational efficiency. The building's exterior has also been refreshed with newer paint further enhancing its curb appeal. This turn-key asset offers investors a rare opportunity to acquire a fully modernized property in a vibrant, historically rich neighborhood with strong tenant demand.
Each unit has been upgraded to Class A standards, featuring high-end finishes including stainless steel appliances, quartz countertops, new windows, in-unit washers and dryers, fully updated bathrooms & kitchens, new fixtures, new paint, and refinished flooring. Additionally, significant infrastructure improvements include the installation of new electrical and plumbing service as well as a new sewer. Modern amenities include central air conditioning, individual hot water heaters, and separate utility metering for gas, electric, and water, ensuring optimized operational efficiency. The building's exterior has also been refreshed with newer paint further enhancing its curb appeal. This turn-key asset offers investors a rare opportunity to acquire a fully modernized property in a vibrant, historically rich neighborhood with strong tenant demand.
Location
State MO
County Jackson
Zoning R-5
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Cent Water Heater, Ind Heat And Air, 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, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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