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913-380-4554
Real Estate Company
3401 Central Street, Kansas City, MO 64105
- $1,249,000
- List Price
- $1,249,000
- MLS#
- 2643746
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 10,890
- Acres
- 0.25
- Subdivision
- Hyde Park
Property Description
Rare 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.
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Additional Information
- Year Built
- 1930
- School District
- Kansas City Mo
- Basement
- Yes
- Roof
- Synthetic
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Brick
- Water
- Public
- Cooling
- Electric
- Heating
- Forced Air
- Taxes
- $11,760
- Zoning
- MF
Mortgage Calculator
Listing courtesy of Alex Olson of Legendary Apartment Brokers.
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