112 E 43rd St - Apartments FOR SALE


Kansas City, MO 64111- Southmoreland
$3,189,000 USD
913-426-5576
112 E 43rd St, Kansas City, MO for Sale
$3,189,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

112 E 43rd St
Kansas City, MO 64111
Southmoreland


HIGHLIGHTS

  • Huge Units with Proven Conversion to 2 bed 2 bath
  • Large Dedicated Parking Lot with ~20 Spaces
  • In-unit Laundry (Renovated Units)
  • Walkable to St. Lukes, Westport + County Club Plaza
  • All Capital Expenses Completed – Including roof and rear stairs
  • 2 Blocks from New Streetcar Line Stop

OVERVIEW

The Afton Apartments is an incredible value add opportunity in one of Kansas City’s most vibrant and walkable neighborhoods. The property has undergone significant renovations in the last few years with all new back staircases and a new TPO roof. The current owner has done a luxury renovation on one stack of four units turning huge 1 bed 1 baths into 2 bed 2 bath with a luxury finish and in unit laundry. The remaining 20 units can undergo this same luxury renovation to achieve an income upside of $630 per unit per month! This location in Southmoreland is 2 blocks from a new streetcar stop and walkable to bars and restaurants. Rarely does such and incredible value add opportunity come up in this neighborhood. This property is stabilized now with incredible future upside in one of Kansas City’s most desirable neighborhoods. Do not miss the chance to add this to your portfolio!

FOR SALE DETAILS

PRICE

$3,189,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

24

PRICE/UNIT

$132,875

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Afton Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R-1.5

APN/PARCEL ID

30-230-32-15-00-0-00-000,30-230-32-16-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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