3000 E 49th St - Apartments FOR SALE


Kansas City, MO 64130- North Town Fork Creek
$4,200,000 USD
816-774-4250
3000 E 49th St, Kansas City, MO for Sale
$4,200,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

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


HIGHLIGHTS

  • Diverse unit mix allowing a mixed tenant base and for tenants to grow within the same property
  • Potential to expand to 73 units via walkout basements
  • Stabilized NOI projected at $448K
  • 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 67-unit multifamily redevelopment opportunity located at the southeast corner of Brush Creek and Highway 71, just south of Martin Luther King Blvd in Kansas City. This vacant 2.3-acre property includes a diverse mix of studios, one-bedrooms, and two-bedrooms, with potential to expand to 73 units via walkout basement conversions. All units have completed rough-in plumbing and electrical, with several already further along in finish-out — including eight units with kitchen installs. With no relocation or tenant disruption needed, investors can immediately begin lease-up or complete remaining renovations to meet their strategy. Positioned in a corridor experiencing major reinvestment — and directly adjacent to the Overlook redevelopment — Swope Plaza offers immediate scale, compelling upside, and utility-efficient operations with individual gas and electric metering and 90 parking spaces. This is a true blank-slate opportunity in a growth-oriented submarket.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$99 USD /SF

# OF UNITS

67

PRICE/UNIT

$62,687

CAP RATE

Request Cap Rate

% LEASED

97%

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.