306 Main St - Apartments FOR SALE


Parkville, MO 64152
$526,000 USD
816-449-8335
306 Main St, Parkville, MO for Sale
$526,000 USD
Apartments - FOR SALE
1/38
null | 5.83% Cap Rate

306 Main St
Parkville, MO 64152


HIGHLIGHTS

  • Location in the heart of charming downtown Parkville.
  • Walkability to coffee, dining, fitness, university, shopping, trails, parks.
  • Investment rental income opportunity.

OVERVIEW

**NOTE: Photos are from renovation performed in 2022. Used to show space and finishes. All units are currently leased and occupied.*** Rare Parkville, Missouri multifamily investment opportunity just steps from Historic Downtown Parkville and Park University. This fully leased 5-unit rental property offers strong income potential in one of the most desirable rental markets in the Kansas City Northland. Renovated in 2022, the property features five units with a central entrance, including three 1-bedroom/1-bath apartments, one 2-bedroom/1-bath unit, and one loft with half bath. Major improvements completed during the renovation include a newer roof, updated windows, electrical panels, modern kitchens, updated bathrooms, refinished flooring, and upgraded fixtures and finishes. Three units also include updated HVAC systems, enhancing efficiency and tenant comfort. Located in the heart of Downtown Parkville, tenants enjoy walkable access to Park University, the Missouri Riverfront, local coffee shops, restaurants, boutiques, parks, trails, and the Parkville dog park. The property also offers convenient access to Downtown Kansas City (KCMO), Kansas City, Kansas (KCK), The Legends shopping and entertainment district, Kansas City International Airport (KCI), and North Kansas City (NKC). With current leases in place and flexibility for future renewals, this property provides an excellent opportunity for investors seeking cash-flowing multifamily real estate in Parkville, MO near Park University. Property is 100% occupied. Contact listing agent for additional information.

FOR SALE DETAILS

PRICE

$526,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

5

PRICE/UNIT

$105,200

CAP RATE

5.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Comm

APN/PARCEL ID

20-70-35-100-032-001-000

ASK ABOUT THIS PROPERTY

JULIE RISCHERKeller Williams Realty PartnersMore Info
816-449-8335

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JULIE RISCHERKeller Williams Realty PartnersMore Info
816-449-8335

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