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Listed by Jennifer Dove • Kansas City Real Estate, Inc.
$365,000
Est. payment /mo
3,151 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Melba Park
MLS Listing ID 2618347
Year Built 1920
Annual Tax Amount $6,561
Lot Size 3,151 Sqft
Acres 0.07233701
Property Sub-Type Apartment
Source hmls
Property Description
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 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.
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.
Location
State MO
County Jackson
Zoning MIXED
Interior
Heating Other
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Separate Meters
Roof Type Other
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Concrete,Stone & Frame,Stucco & Frame
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional, Private Financing Available
Listing Terms Cash, Conventional, Private Financing Available
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Nearby Locations
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