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2939 Cherry Street
Kansas City MO 64108 US

$625,000

Active Listing ID 2612481
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Lot: 0.27 Acres
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Other

$625,000

Active Listing ID 2612481
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2939 Cherry Street 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

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Property Features

  • Facts
  • Lot Size: 0.27 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Building Sign

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 625000
  • unparsedaddress: 2939 Cherry Street
  • postalcity: Kansas City
  • stateorprovince: MO
  • country: US
  • postalcode: 64108
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2688
  • lotsizeunits: Acres
  • lotsizearea: 0.2688
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 39.073032
  • longitude: -94.577269
  • listagentfullname: Andrea Wardell
  • listagentemail: andrea@wardellholmes.com
  • listagentkey: 3yd-HMLSKS-ANDREAB
  • listagentmlsid: ANDREAB
  • listagentpreferredphone: 8168069492
  • listagentofficephone: 8164167111
  • listofficekey: 3yd-HMLSKS-VWLLC
  • listofficemlsid: VWLLC
  • disclaimer: Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HMLSKS
  • yearbuilt: 1986
  • listingcontractdate: 2026-04-06
  • listagenturl: https://www.wardellholmes.com
  • countyorparish: Jackson
  • parcelnumber: 29-810-28-10-00-0-00-000
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Private Restroom
  • exteriorfeatures: Building Sign
  • utilities: Water Available
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -94.57727, 39.073032
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Wardell & Holmes Real Estate, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"andrea@wardellholmes.com", "ListBrokerageCity":"Kansas City", "ListBrokerageCountry":"US", "ListBrokerageEmail":"andrea@wardellholmes.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Wardell & Holmes Real Estate, LLC", "ListBrokeragePhone":"(816) 416-7111", "ListBrokeragePostalCode":"64108", "ListBrokerageStateOrProvince":"MO", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2526 Holmes Street", "ListBrokerageWebsiteUrl":"https://www.wardellholmes.com", "ListOfficeAddress1":"2526 Holmes St ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"VWLLC", "ListOfficeCity":"Kansas City", "ListOfficeCountry":"USA", "ListOfficeEmail":"andrea@wardellholmes.com", "ListOfficePostalCode":"64108", "ListOfficeStateOrProvince":"MO", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Kansas City, MO", "ListingURL":null, "MLSModificationTimestamp":"2026-04-07 19:19:10", "Neighborhoods":[{"Description":null, "Name":"202 - Kansas City Area (So. of River)"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":16195, "TaxDescription":"See Legal Description Addendum", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/7/2026 7:49:27 PM GMT
Source Updated Date: 4/8/2026 12:58:13 PM GMT

Courtesy of: Andrea Wardell, Wardell & Holmes Real Estate, andrea@wardellholmes.com

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.