New ListingRare opportunity to acquire a 12-unit apartment building in the heart of Midtown Kansas City with strong in-place operations and immediate upside. The property consists of 12 spacious 1BR/1BA units, approximately 744 SF each, with all units located above grade. Units have been remodeled with modern finishes and color schemes, with many featuring quartz/granite countertops and stainless steel appliances. Major building components including HVAC, water heaters, electrical and plumbing were replaced/updated in 2019/2020, along with vinyl windows throughout. The roof is approximately six years old. Current rents are solid with additional room to grow toward market, providing a straightforward path to increased income. Additional upside may be available through adding in-unit washer/dryers, while the building already offers two washers and two dryers for tenant use. Other features include central heating and cooling, four off-street parking spaces, a shared tenant patio and a large dry basement with potential for a tenant workout/amenity area. Tenants pay their own gas and electric; owner pays water, trash and common-area electric. Excellent Midtown location near Downtown and the Country Club Plaza and within walking distance of the KC Streetcar extension, restaurants, shopping, employment and everyday amenities. A well-operated property offering a combination of modernized units, strong location and additional income-growth potential.
| MLS # | 2643746 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 2 |
| Listing Provided By | Legendary Apartment Brokers | Alex Olson |
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 12 |
| Zoning | MF |
| Acreage | 0.25 |
| Property | 11760 |
|---|
| State | MO |
|---|---|
| County | Jackson |
| City | Kansas City |
| Zip Code | 64105 |
| Area | 202 Kansas City Area (So. of River) |
| Community Name | Hyde Park |
| Listing VS Median (in Hyde Park) | |
Price: $1,249,000 low | high Med: $370,000 On site: 2 low | high Med: 95.5 | |
| State | MO |
|---|---|
| County | Jackson |
| City | Kansas City |
| Zip Code | 64105 |
| Area | 202 Kansas City Area (So. of River) |
| Community Name | Hyde Park |
| Listing VS Median (in Hyde Park) | |
Price: $1,249,000 low | high Med: $370,000 On site: 2 low | high Med: 95.5 | |