Investment Overview
100 Askew Avenue is a fully leased, approximately 6,000 SF mixed-use corner building in Kansas City's Historic Northeast, with five one-bedroom apartments, one studio and three ground-floor storefronts. Offered at $560,000, the property generates $5,710 in monthly scheduled rent.
Key upgrades are already in place, including a 2021 TPO roof, mini-split heating and cooling in all but two units, and individual electric metering. Month-to-month apartment leases let a buyer phase renovations and move rents toward market.
Investment Highlights
- Diversified income: Six apartments plus three leased storefronts.
- Rent upside: Renovations and renewals can bring apartment rents up to market.
- Recent upgrades: 2021 TPO roof, with mini-splits in all but two units.
- Tenant-paid electric: Every unit is separately metered.
- Corner location: Askew and St. John, near Cliff Drive, Kessler Park and the Museum of Kansas City.