1114 E Armour Blvd - Apartments FOR SALE


Kansas City, MO 64109- Center City
$1,150,000 USD
913-439-9332
1114 E Armour Blvd, Kansas City, MO for Sale
$1,150,000 USD
Apartments - FOR SALE
1/59
null | Request Cap Rate

1114 E Armour Blvd
Kansas City, MO 64109
Center City


HIGHLIGHTS

  • Adjacent to 340 unit class A apartment development
  • Large, recently renovated units
  • Proximity to MAC Armour Blvd Development which covers 36 buildings and more than 2,000 apartment units
  • Well maintained by experienced, local, owner

OVERVIEW

The East Armour 9 is a 9-unit offering situated off E Armour and Troost, located in the historic Center City Neighborhood of Midtown Kansas City, MO. The property has received significant upgrades throughout ownership and consists of three (3 x 2) units, four (2 x 1) units and two (1 x 1) units. 4/9 units have washer and dryer in unit and are poised to receive highest market rent. The vast expansion and development of E Armour Blvd, and the rapid rise of popularity of Midtown, Kansas City makes this a perfect investment for anyone looking to purchase a small multi-family building in Kansas City. The property was originally constructed in 1907 with current ownership completing interior renovations sporadically over the last several years. Roof is from 2016. Ages of HVAC systems vary. Electrical and plumbing has been updated as needed. Unit renovations include: updated countertops, new cabinets, updated kitchen and bathroom tiles, washer and dryer in select units and more.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

9

PRICE/UNIT

$127,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1907

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Commercial

APN/PARCEL ID

29-730-24-13-00-0-00-000

ASK ABOUT THIS PROPERTY

Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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