3409 Indiana Ave - Multi-Family FOR SALE


Kansas City, MO 64128- Palestine West & Oak Park Northeast
$499,000 USD
913-439-9332
3409 Indiana Ave, Kansas City, MO for Sale
$499,000 USD
Multi-Family - FOR SALE
1/16
null | 8% Cap Rate


HIGHLIGHTS

  • 6-Plexi n KC's Urban Core
  • Fully Renovated Down to the Studs
  • New Roof, Plumbing, Electrical & Decking
  • 5/6 Vacant, Perfect For Non-Profit
  • Gated & Secured Off-Street Parking

OVERVIEW

3409 Indiana Ave is a 6 unit apartment complex located in the Oak Park Northwest neighborhood of Kansas City, MO. This property has been fully renovated down to the studs back in 2024 and boasts six (2x1) units. The units feature new cabinets, countertops, stainless steel appliances and high end fixtures. All major systems such as roof, flooring, electrical, plumbing, decking and HVAC are brand new as well. There is gated, secure parking in the rear that allows for six cars to park comfortably. The property currently has one voucher tenant in place at $1100/mo. The other 5 units have intentionally been left vacant for potential non-profit housing use. The property was originally constructed in 1938 but has been renovated down to the studs within the last 18 months. The property is all electric and has no gas on site. Each unit has individual water heaters as well as central heating and cooling. Plumbing and electricals have been fully replaced, as well as the roof & back decks, leaving next to no deferred maintenance for a new owner. This property is ready for new ownership to fulfill the potential of a fully upgraded and renovated 6-plex in Midtown!

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,167

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3409 Indiana Ave

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

28-940-20-07-00-0-00-000

ASK ABOUT THIS PROPERTY

Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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