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225 N 7th St 2,258 SF 100% Leased Flex Building Kansas City, KS 66101 $556,685 CAD ($246.54 CAD/SF) 7% 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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$51,064
|
$22.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,064
|
$22.61
|
| Taxes |
$4,918
|
$2.18
|
| Operating Expenses |
$6,556
|
$2.90
|
| Total Expenses |
$11,474
|
$5.08
|
| Net Operating Income |
$39,590
|
$17.53
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $51,064 |
| Annual Per SF | $22.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $51,064 |
| Annual Per SF | $22.61 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,918 |
| Annual Per SF | $2.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,556 |
| Annual Per SF | $2.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $11,474 |
| Annual Per SF | $5.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $39,590 |
| Annual Per SF | $17.53 |
PROPERTY FACTS
| Price | $556,685 CAD | Building Class | C |
| Price Per SF | $246.54 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Rentable Building Area | 2,258 SF |
| Cap Rate | 7% | 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 | $556,685 CAD |
| Price Per SF | $246.54 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| 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
PROPERTY TAXES
| Parcel Number | 119115 | Total Assessment | $31,668 CAD (2024) |
| Land Assessment | $10,304 CAD (2024) | Annual Taxes | $4,918 CAD ($2.18 CAD/SF) |
| Improvements Assessment | $21,365 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
119115
Land Assessment
$10,304 CAD (2024)
Improvements Assessment
$21,365 CAD (2024)
Total Assessment
$31,668 CAD (2024)
Annual Taxes
$4,918 CAD ($2.18 CAD/SF)
Tax Year
2025
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225 N 7th St
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