3000 E 49th St - Apartments FOR SALE


Kansas City, MO 64130- North Town Fork Creek
$3,900,000 USD
816-774-4250
3000 E 49th St, Kansas City, MO for Sale
$3,900,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

3000 E 49th St
Kansas City, MO 64130
North Town Fork Creek


HIGHLIGHTS

  • 63 one-bedroom units, each 650 SF
  • Six additional 1BR units possible via basement buildout
  • Projected stabilized NOI of $406K, Cap rate to total cost of 7.97%
  • Individually metered electric; no gas; water/sewer master-metered
  • 90 parking spaces (1.45 parking ratio)

OVERVIEW

Clemons Real Estate is pleased to present Swope Plaza Estates, a 63-unit multifamily redevelopment opportunity located along Martin Luther King Jr. Blvd at the southeast corner of Brush Creek and Highway 71 in Kansas City. The property is fully vacant and under construction, with all units framed, roughed-in, and several partially finished—offering a clean slate for investors to complete and stabilize. Each unit is a 650 SF one-bedroom layout, ideal for efficient lease-up and long-term operations. The garden-style design minimizes shared space and future maintenance needs, while the utility structure features individually metered electric and RUBS for water and trash. Located less than a mile from key community investments like Swope Health, Blue Parkway Sunfresh, and the Shops at Blue Parkway, the property sits adjacent to the forthcoming Offices at Overlook and within reach of The Rochester Apartments. The Country Club Plaza lies just 2.5 miles west via the Brush Creek Trail. With projected NOI of $406,238 and potential to expand to 69 units, Swope Plaza offers scale, efficiency, and upside in a reinvesting corridor.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

63

PRICE/UNIT

$61,905

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Swope Plaza Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

R-1.5

APN/PARCEL ID

31-430-06-03-00-0-00-000

ASK ABOUT THIS PROPERTY

Quinn HahsClemons Real EstateMore Info
816-774-4250

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Quinn HahsClemons Real EstateMore Info
816-774-4250

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