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225 N 7th St 2,258 SF 100% Leased Flex Building Kansas City, KS 66101 $359,000 ($158.99/SF) 7.78% Cap Rate
Investment Highlights
- Fully leased mixed-use corner building – 3 income-producing units
- Major recent upgrades + value-add potential with full basement (4th unit or storage income)
- $36.6K gross income / $27.9K NOI ? 7% cap at list
Executive Summary
Fully occupied, mixed-use investment property, residential and commercial - beautiful historic stone, downtown row store, in a prime KCK location!
Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income! - Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
- Residential unit is moving out 05/26, updated commercial unit is on month to month lease now, making a live/work opportunity for someone!
Corner building on high-traffic 7th St Trafficway, just blocks from Central Ave, shopping, restaurants, and highway access.
3 income-producing Units: updated 2BR/1BA apartment upstairs ($1,000/mo), one updated commercial unit ($1,000/mo), and one long-term commercial tenant ($1,050/mo).
Gross scheduled income $36,600 annually with expenses under $9K, offering a 7% cap rate at list price.
--- Recent updates include new roof, furnaces, water heater, electric, and repaved parking in the past year, plus interior renovations in 2 of 3 units. Full basement with interior and exterior access provides additional upside—previously finished office space, currently used by owner as storage - could easily be finished for extra income! - Strong tenant stability, renewed leases, and value-add potential make this a great entry-level or portfolio investment.
- Residential unit is moving out 05/26, updated commercial unit is on month to month lease now, making a live/work opportunity for someone!
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,600
|
$16.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,600
|
$16.21
|
| Taxes |
$3,525
|
$1.56
|
| Operating Expenses |
$4,699
|
$2.08
|
| Total Expenses |
$8,224
|
$3.64
|
| Net Operating Income |
$28,376
|
$12.57
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $16.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,600 |
| Annual Per SF | $16.21 |
| Taxes | |
|---|---|
| Annual | $3,525 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $4,699 |
| Annual Per SF | $2.08 |
| Total Expenses | |
|---|---|
| Annual | $8,224 |
| Annual Per SF | $3.64 |
| Net Operating Income | |
|---|---|
| Annual | $28,376 |
| Annual Per SF | $12.57 |
Property Facts
| Price | $359,000 | Building Class | C |
| Price Per SF | $158.99 | Lot Size | 0.14 AC |
| Sale Type | Investment | Rentable Building Area | 2,258 SF |
| Cap Rate | 7.78% | No. Stories | 2 |
| Property Type | Flex | Year Built/Renovated | 1930/2024 |
| Zoning | C-3 - commercial districts (C-3) allows mixed use commercial -- 1 residential unit, 2 commercial units, and partially finished basement (value add unit) | ||
| Price | $359,000 |
| Price Per SF | $158.99 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.14 AC |
| Rentable Building Area | 2,258 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1930/2024 |
| Zoning | C-3 - commercial districts (C-3) allows mixed use commercial -- 1 residential unit, 2 commercial units, and partially finished basement (value add unit) |
Amenities
- 24 Hour Access
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 119115 | Total Assessment | $26,520 |
| Land Assessment | $8,425 | Annual Taxes | $3,525 ($1.56/SF) |
| Improvements Assessment | $18,095 | Tax Year | 2025 |
Property Taxes
Parcel Number
119115
Land Assessment
$8,425
Improvements Assessment
$18,095
Total Assessment
$26,520
Annual Taxes
$3,525 ($1.56/SF)
Tax Year
2025
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225 N 7th St
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