1017 W 39th St - Apartments FOR SALE


Kansas City, MO 64111- Volker
$659,000 USD
913-219-7074
1017 W 39th St, Kansas City, MO for Sale
$659,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1017 W 39th St
Kansas City, MO 64111
Volker


HIGHLIGHTS

  • Excellent location near Westport, KU Medical & Country Club Plaza
  • Rare Value-Add Opportunity in 39th Street District - 82 Walkability Score
  • Studio, 1-bedroom and 2-bedroom units - Average Rents: $987
  • Window units, hardwoods floors, vinyl windows and separately metered for electric

OVERVIEW

Located in the historic Volker neighborhood of Midtown Kansas City, Missouri, the apartments at 1017 W. 39th are a stately, 6-unit complex anchored just west of Westport and east of the University of Kansas Medical Center. Built in 1908, the building stands 2-stories with a brick exterior, common patios/balconies, and off-street parking at the rear (6 total spaces). The six units consist of two studio units, two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit and one two-bedroom/two-bathroom unit – all floorplans are different. The building is separately metered for electric with common gas and water. The basement, accessed via the rear entry provides owner-operated laundry machines and storage lockers. All units at 1017 feature hardwood floors, window units for heating/cooling, vinyl windows, Google Fiber and ceiling fans. Select units have washer/dryer in unit (2 units), dishwashers (3 units) and updated flooring in kitchens/bathrooms (2 units). 1 of the 6 units has been renovated with new hardwood flooring, granite countertops, stainless steel appliances – the remaining 5 units are in classic condition. The property is stabilized with a history of high occupancy (currently 100%) with 3rd party management in place. The asset presents value-add potential with the full implementation of RUBS fees (currently not charging for water/gas), continued renovation of classic units, potential to convert to central air and addition to washer/dryer in remaining units. The property boasts an excellent location on one of Kansas City’s most beloved corridors, the 39th Street district with a close proximity to the shops/businesses/restaurants in Volker, Westport and the new KC Streetcar Extension Line (multiple stops within walking distance to subject – 82 Neighborhood Walk Score).

FOR SALE DETAILS

PRICE

$659,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

6

PRICE/UNIT

$109,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

B3-2

APN/PARCEL ID

30-340-05-04-00-0-00-000

ASK ABOUT THIS PROPERTY

Brice BradshawKCCommercial.netMore Info
913-219-7074

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Brice BradshawKCCommercial.netMore Info
913-219-7074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.