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4218 Greenwood Pl - Volker AirBnB in Heart of KC 3,753 SF Specialty Building Offered at $690,312 CAD at a 7.72% Cap Rate in Kansas City, MO 64111
INVESTMENT HIGHLIGHTS
- Value add with decreasing nightly rate for higher income potential
- Walking distance to Westport / 39th St District / and the Plaza
- All original character intact and enhanced
EXECUTIVE SUMMARY
Welcome to one of the most charming homes in Volker and with the rare opportunity to have an AirBnb permit that is grandfathered in for additional cashflow and value add opportunities. This home has been loved and cared for in great detail including all original hardwood floors and moldings, elevated artistic touches throughout, and so many intentional upgrades including: a complete tear off new composition roof in 2021, 5 unit mini-split system with compressors in 2021, a complete luxury bathroom remodel with high end tile and vanity choices in 2022, newly insulated third floor with emergency evacuation window in 2022, A new landscape retaining wall built in 2022, and lots more. Amazing enclosed front porch, private driveway, and an extremely private and stunning back yard that features an artist bison mural done in 2023 along with a privacy fence. This home is just walking distance from all that Westport, the Plaza and 39th street have to offer with the ever developing food and shopping scenes. Additional information is available on AirBnb financials in the supplements. There is value add with more potential income.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,446
|
$26.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,446
|
$26.50
|
| Taxes |
$5,534
|
$1.47
|
| Operating Expenses |
$42,516
|
$11.33
|
| Total Expenses |
$48,049
|
$12.80
|
| Net Operating Income |
$51,397
|
$13.69
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,446 |
| Annual Per SF | $26.50 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,446 |
| Annual Per SF | $26.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,534 |
| Annual Per SF | $1.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,516 |
| Annual Per SF | $11.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,049 |
| Annual Per SF | $12.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $51,397 |
| Annual Per SF | $13.69 |
PROPERTY FACTS
| Price | $690,312 CAD | Building Class | C |
| Price Per SF | $183.94 CAD | Lot Size | 0.10 AC |
| Sale Type | Investment or Owner User | Building Size | 3,753 SF |
| Cap Rate | 7.72% | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1913/2020 |
| Property Type | Specialty | ||
| Zoning | Residential - Permitted AirBNB - Residential Zoning | ||
| Price | $690,312 CAD |
| Price Per SF | $183.94 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.72% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,753 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1913/2020 |
| Zoning | Residential - Permitted AirBNB - Residential Zoning |
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Walk Score®
Very Walkable (84)
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4218 Greenwood Pl - Volker AirBnB in Heart of KC
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