3433 Charlotte St, Kansas City, MO 64109

Property being sold as-is. Offers are due Saturday, November 12th by 1:00 PM. Please email to parker.beck@compass.com. The property is a triplex (converted residence) in historic North Hyde Park in the heart of Midtown Kansas City, Missouri. The property stands 2.5-stories with a brick and wood siding exterior and excellent location near the shops in Broadway Gillham and Martini Corner. The property is separately metered for electric with common gas and common water (new hot water heater). Two forced air gas furnaces service the 3 units, and the water has been shut off due to a broken supply line from a freeze in the spring. The triplex is comprised of two one-bedroom, one-bathroom units with an approximate unit size of 650 sf and one two-bedroom, one-bathroom unit with an approximate unit size of 850 sf. Laundry is provided in the basement of the building and is currently on a Jetz Lease. The house is wired for Google Fiber and a majority of the flooring is hardwoods with some linoleum and carpet sprinkled in. Previous rents when the property was occupied were well below market ranging from $475-$625. Potential buyers have a various range of opportunities to assess in regard to the value-add component of this building. Buyers could choose to keep it a triplex and fully update the building to todays finishes potentially utilizing it as an owner-occupy rental, AirBnb, a short-term rental for traveling nurses or standard rental property. On the other hand, this building could be converted back to a residential home where comps are ranging anywhere from $375,000 to $500,000+ (turnkey) in the immediate area, maximizing the square footage and restoring the historic character to the home. Both are realistic options but returns need to be measured by potential achievable rents in comparison to true apartment complexes vs converted homes. See supplements for offering memorandum.