3240-3244 Harrison St - Apartments FOR SALE


Kansas City, MO 64109- North Hyde Park
$2,950,000 USD
913-308-0303
3240-3244 Harrison St, Kansas City, MO for Sale
$2,950,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

3240-3244 Harrison St
Kansas City, MO 64109
North Hyde Park


HIGHLIGHTS

  • Complete 2020 Renovation Including All Major Systems and Roof
  • Modern Finishes Throughout Including Granite Countertops & Stainless Steel Appliances
  • 20 Min Walk to New 3B Royals Stadium - Path Of Progress Location
  • In-unit Washer Dryer in Every Unit
  • Large Gated Parking Lot
  • On-site Gym and Storage Lockers

OVERVIEW

Red Point Apartments is a beautifully renovated 22-unit multifamily asset in the heart of Kansas City’s vibrant Midtown neighborhood. The property features a desirable mix of 12 2Bed/1Bath and ten 1Bed/1Bath units, all in excellent condition following a full renovation in 2020 that included all major systems and a new roof. Every unit features modern finishes with granite countertops, stainless steel appliances, and in-unit washer/dryers. Spacious bathrooms have tile surrounds. The building offers an on-site gym, a large gated parking lot, and additional storage units that can be leased to tenants for extra income. Red Point enjoys strong consistent occupancy and excellent tenant retention. This is a true turnkey opportunity with an assumable loan at an attractive 4.1% interest rate. The location is a major draw: approximately 1.1 miles (or a 20-minute walk) from the new $3B Royals stadium, placing tenants steps from world-class sports, entertainment, and downtown energy. The area is anchored by top employers and healthcare facilities including Saint Luke’s Health System, Children’s Mercy Hospital, UMKC, and Rockhurst University. Residents enjoy quick access to the Nelson-Atkins Museum of Art, Kemper Museum of Contemporary Art, Loose Park, Penn Valley Park, and the lively 39th Street corridor with shopping, dining, and recreation. With a recent major renovation, , modern in-unit amenities, and a prime Midtown location right by the new Royals Stadium, Red Point Apartments delivers immediate, stable cash flow with low near-term maintenance, strong tenant demand, and long-term rental growth potential. Are you an out-of-state investor seeking stable cash flow in a multifamily investment? Are you a local investor wanting to scale up? Either way the Red Point Apartments is poised to deliver stable returns and appreciation for years to come. No seller finance, please do not ask.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

22

PRICE/UNIT

$134,091

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Point Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

29-840-16-18-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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