3401-3403 Central St - Apartments FOR SALE


Kansas City, MO 64111- Broadway Gillham
$1,350,000 USD
816-591-0825
3401-3403 Central St, Kansas City, MO for Sale
$1,350,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3401-3403 Central St
Kansas City, MO 64111
Broadway Gillham


HIGHLIGHTS

  • All units remodeled with modern finishes, fixtures, and stainless steel appliances.
  • Located near KC Streetcar Extension stop, offering easy access to Midtown amenities.
  • Recent upgrades to electrical, plumbing, HVAC, and windows completed in 2019/2020.
  • Shared patio and basement workout facility enhance tenant experience and retention.
  • Off-street parking available for select vehicles, a rare feature in Midtown Kansas City.
  • Strong rental area with immediate room for rent growth and appreciation potential.

OVERVIEW

This 12-unit multifamily property in Midtown Kansas City offers a compelling investment opportunity in a thriving rental market. Each unit has been remodeled with modern finishes, including updated color schemes, fixtures, and many featuring quartz or granite countertops with stainless steel appliances. The property benefits from strong in-place rents with immediate upside potential, allowing investors to capture forced appreciation by aligning rents with market rates. Located near the KC Streetcar Extension stop, the property provides excellent connectivity to shops, restaurants, and employment hubs, reducing tenant reliance on vehicles. Recent upgrades include modern electrical, plumbing, HVAC systems, and vinyl windows, all replaced in 2019/2020. Additional amenities include a shared patio, off-street parking for select vehicles, and a large dry basement with a workout facility to enhance tenant retention. With taxes approximating $12,000 annually and a roof age of about six years, this asset is well-positioned for long-term stability and growth.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

12

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Commercial

APN/PARCEL ID

29-830-24-04-00-0-00-000

ASK ABOUT THIS PROPERTY

Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

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Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

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