109 E 40th St - Apartments FOR SALE


Kansas City, MO 64111- Southmoreland
$2,500,000 USD
913-308-0303
109 E 40th St, Kansas City, MO for Sale
$2,500,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

109 E 40th St
Kansas City, MO 64111
Southmoreland


HIGHLIGHTS

  • Prime Location – Next to Streetcar Line & Stop
  • New Mini-Split Systems in All Units
  • Mix Of One-Bedroom & Studio Units – Highest Income Per Square of Any Unit Type
  • Durable Brick Building in Classic Kansas City Style
  • Comes with a Dedicated Parking Lot – Rare in the Neighborhood
  • Strong Tenant Demand with 100% Occupancy

OVERVIEW

Brentwood Plaza is a stately building in the heart of Kansas City’s vibrant Westport neighborhood. Constructed in 1924 in a classic Kansas City style, the all-brick property features 13 on bedroom units and 17 studio units with original hardwood floors, ample closet space, newer vinyl windows, and keycode entry. Heating is via common gas boiler or the new mini split units which also cool. This building is separately metered for electric with common water and gas. The building is next to a new KC Streetcar stop, with easy transit to the University of Missouri Kansas City (UMKC), H&R Block Headquarters, Truman Medical Center, Hallmark Cards Headquarters, and Children’s Mercy Hospital. This building is walkable to a growing corridor of local shops, restaurants, and businesses. With stable income and a proven rent-growth track record, Brentwood Plaza offers investors stable income in the rapidly growing central location of Kansas City.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

30

PRICE/UNIT

$83,333

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brentwood Plaza

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-1.5

APN/PARCEL ID

30-230-27-03-01-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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