Excellent mixed-use multifamily investment opportunity with immediate cash flow and upside potential at 5518-5520 East Truman Rd, Kansas City, MO 64127. This income-producing property features 4 residential apartments and 2 commercial storefronts, offering diversified income ideal for investors, 1031 exchange buyers, or owner-operators. Located just minutes from Downtown Kansas City… Read More on high-traffic Truman Road directly across from small-box discount retailer, the property benefits from strong visibility and continued area revitalization. Residential units are fully occupied with long-term tenants, including three Section 8 tenants paying strong market-supported rents. Three residential units were renovated in 2023 prior to tenant occupancy; current interior condition may vary from marketing photos. The photos were taken after renovation and before tenants' occupancy. One commercial storefront is leased and producing income, while the second is vacant and ready for lease-up, owner occupancy, or renovation—creating immediate upside potential. Additional features include a full basement for storage/workspace and rear common-use outdoor area. Commercial units and basement may be shown anytime. Residential apartment interiors available only after accepted LOI or mutually agreed terms. Stable income today with future upside—an excellent opportunity to acquire a cash-flowing mixed-use asset in a growing Kansas City corridor. Talk to agent about possible loan options. Read Less
Listing courtesy of Kansas City Real Estate, Inc. 816-246-7700
Listing Snapshot
Days Online
69
Last Updated
Property Type
Apartment
Lot Size
0.07 Acres
Year Built
1920
MLS Number
2618347
30 Days Snapshot Of 64127
$157k
+42%
(avg) sold price
6
0%
homes sold
73
-30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: "Concrete", "Stone & Frame", "Stucco & Frame", Year Built: 1920
Cooling
Details: "Window Unit(s)"
Heating
Heating: "Other"
Home Owner's Association
Fee: 0, Dues Frequency: None
Lot
Size: 3151
Property
Zoning: MIXED
Roof
Description: "Other"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Separate Meters"
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Listings courtesy of Heartland MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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