3232 Gillham Rd, Kansas City, MO 64109

Property being sold As-Is. Call for Offers Monday (12/5) at 4PM. See offering memorandum in supplements for more information. 3232 Gillham is a unique triplex located in historic North Hyde Park in the heart of Midtown Kansas City, Missouri. Built in 1920, the property stands 2.5-stories and offers 3 parking spaces at the rear. In 2005, the property underwent an extensive renovation which included the roof, windows, appliances, electrical and HVAC. It is believed in its early days, the 1st level of the property operated as a general store with the owners residing upstairs. The property is separately metered for electric (100 AMP) and gas and common water. All units at the property are one-bedroom, one-bathroom units with varying layouts. The unit's square footage approximately range anywhere from 650 sf to 900 sf. Laundry is provided in the basement of the building and is currently on a Jetz Lease. All units at Gillham have separate entries, central air, forced air gas furnaces, fully equipped kitchens, excellent natural lighting, large closet space and tub/showers. The first-floor unit has a combination of tile and vinyl flooring while the top two units have hardwoods throughout. The property is owner-managed and currently 67% occupied. Potential buyers have a various range of opportunities to assess in regard to the value-add component of this building. Buyers could choose to continue to run the property as-is while increasing rents as they are well below market. Alternatively the kitchens/bathrooms could be redone, and washers/dryers could be installed in units to maximize rents. Other strategies may include converting the building to an AirBnb or short-term rental for traveling nurses.