100-108 N Mersington Avenue, Kansas City, MO 64123

$447,000
List Price
$447,000
Price Change
▼ $3,000 1721279748
MLS#
2455069
Status
ACTIVE
Type
Multifamily
Acres
0.28
Subdivision
Rays Hill

Property Description

Welcome to the Avila apartments, a 6 spacious 1-bedroom units. One unit currently vacant, once leased will have a 9% Cap Rate. Leases are a mix of month-to-month and annual, ranging from $700 to $1098/mo. Sale also includes 2 adjacent vacant lots next to the building at the corner of Mersington and St. John St currently used as tenant parking, with potential to build. This building has many big-ticket updates: Brand new roof, new plumbing, and many in-unit updates. All units have central heat and AC, and Utilities all separately metered except for water. The Historic Northeast is just two miles from downtown KC, the medical school, new stadium and the freeway. Inspection from October available - basement has been professionally cleaned out since then. This property is ready to be a solid investment for a new owner!

Additional Information

Year Built
1917
School District
Kansas City Mo
Basement
Yes
Roof
Composition
Central Air
Electric
Sewer
City/Public
Construction
Board/Batten, Brick & Frame
Cooling
Electric
Heating
Forced Air
Taxes
$2,808
Zoning
UNK

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Gabrielle Wallace of Kansas City Regional Homes Inc.

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