3428 E 9th St - Multi-Family FOR SALE


Kansas City, MO 64124- Lykins
$899,000 USD
913-426-5576
3428 E 9th St, Kansas City, MO for Sale
$899,000 USD
Multi-Family - FOR SALE
1/19
null | Request Cap Rate

3428 E 9th St
Kansas City, MO 64124
Lykins


HIGHLIGHTS

  • Two Side-by-side Five Unit Buildings
  • 80% Two Bed/One Bath Units
  • Renovated Units with Modern Finishes
  • Sub-metered Utilities
  • Central Location to All of Kansas City Metro

OVERVIEW

Welcome to the 9th Street Apartments, this property features two side-by-side five-unit brick buildings, offering eight 2-bedroom/1-bath and two 1-bedroom/1-bath units. Recently renovated, each unit offers modern finishes, including LVP flooring, updated appliances, new windows, and sub-metered utilities (except water), ensuring cost efficiency for tenants. Most units have individual laundry spaces in unit. The well- maintained buildings provide a low-maintenance investment with strong rental potential. The buildings are all electric, with wiring and plumbing recently updated. Roofs are in good condition and all major cap ex has been completed. Located in the Lykins neighborhood, the property is near community gardens, Kansas City University, and local favorites like Café Cà Phê and Garozzo’s Ristorante. Its proximity to I-70 offers easy access to downtown Kansas City, just three miles away, appealing to tenants seeking urban convenience with a suburban feel. Investors will appreciate the area’s growth potential and consistent rental demand, while tenants enjoy a vibrant, walkable community with nearby parks and dining. The property includes 4 individual parcels, one for each building and two adjacent land parcels that are currently used for tenant parking. Professional property management is already in place. Continue with existing PM or choose your own.THE VALUE ADD PLAYContinue to raise rents and cash flow. Lease the remaining

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

10

PRICE/UNIT

$89,900

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,958 SF

ZONING

R-2.5

APN/PARCEL ID

28-310-16-14-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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