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About This Home

This 0-bedroom, 0-bathroom single family at 2939 Cherry Street in Kansas City, MO is listed for $625,000. Built in 1986, on a 0.27 acres lot.

Agent Description

Investment Offering | Stabilized Asset with Strategic Upside Positioned in the established and evolving Longfellow neighborhood, this 1986-built asset presents a rare opportunity to acquire a stabilized, income-producing property with both operational efficiency and future optionality.

The property is currently leased to an established tenant through May 2027, providing immediate, predictable cash flow. Based on current financials, the asset is operating at an approximate 6.77% capitalization rate, supported by a strong income stream and controlled expenses.

Full lease documentation and T-12 financials are available for qualified buyers. A notable enhancement to the asset is the presence of owned solar panels, reducing utility exposure and contributing to long-term expense stability-an increasingly valuable feature for both investors and future occupants.

This offering presents a dual-path opportunity: Passive Investor Play: Secure in-place income with a performing tenant and solid yield in a central Kansas City location Strategic Owner-User Play: Plan for future occupancy upon lease expiration, while benefiting from income in the interim The current tenant also holds a First Right of Refusal, creating a defined and transparent framework for any future sale considerations.

Investment Summary Cap Rate: ~6.77% Lease Term: Through May 2027 Asset Type: Stabilized, income-producing Year Built: 1986 Additional Features: Owned solar infrastructure Buyer and Buyer's Agent to verify any and all information as it pertains to the property. Seller is Licensed in Kansas and Missouri

Key Features

  • Built in 1986
  • 0.27 acre lot

Property Details

1 story
1986

Amenities

Solar

Monthly Cost Estimate

$3,343/mo

20% down · 6.5% · 30 years

Principal$452
Interest$2,708
Insurance$182

Estimates only. Actual payments may vary.

Location

2939 Cherry Street

Kansas City, MO 64108

Features & Amenities

Interior Features

Private Restroom

Exterior Features

Building Sign

Property Details

Parking

Parking Lot

Questions & Answers

This 0-bedroom, 0-bathroom single family at 2939 Cherry Street is listed at $625,000. The estimated monthly payment is $2,708 based on 20% down at 6.5% interest.

Key features include: Built in 1986, 0.27 acre lot. Interior Features: Private Restroom. Exterior Features: Building Sign.

This property is listed by Andrea Wardell and can be reached at 8168069492 or andrea@wardellholmes.com.

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AW

Andrea Wardell

Agent at Wardell & Holmes Real Estate

(816) 806-9492

Listed by Wardell & Holmes Real Estate

MLS# 2612481· Source: listhub· Updated 4 days ago

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2939 Cherry Street, Kansas City, MO 64108

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