3708-3710 Southwest Tfwy - Apartments FOR SALE


Kansas City, MO 64111- Roanoke
$1,100,000 USD
913-653-8204
3708-3710 Southwest Tfwy, Kansas City, MO for Sale
$1,100,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

3708-3710 Southwest Tfwy
Kansas City, MO 64111
Roanoke


HIGHLIGHTS

  • Historic Midtown Asset: Classic 1920s brick building in the Roanoke neighborhood, surrounded by Westport, KU Med, and the Plaza.
  • Stabilized Core Systems: Major capex completed—new roof, parking lot, electrical, water heaters, and structural upgrades—reducing near-term risk.

OVERVIEW

Located in Kansas City's historic Roanoke neighborhood, 3710 Southwest Trafficway sits between some of the city’s strongest rental demand drivers—Westport, KU Medical Center, and the Country Club Plaza. Roanoke is a quiet, residential pocket within Midtown, offering immediate access to major employment, entertainment, and transit corridors. The 12-unit property features classic early-1920s Kansas City brick construction with timeless curb appeal. Major capital improvements have been completed between 2020 and 2025, including a new roof, new asphalt parking lot, updated electrical panels, new water heaters, structural bracing, boiler repairs, and tree clearing. Core building systems are stabilized, minimizing near-term capital risk for the next owner. Approximately half the units have been renovated, presenting a clear and manageable value-add path. Current average rents are $656 for classic units and $805 for renovated units. Market rents for comparable properties in the area support $725 for classic units and $945 for renovated units—providing immediate upside through unit upgrades and strategic lease-up. Operational improvements also remain: a stronger property management and leasing strategy could better capture market rents, optimize tenant quality, and tighten expense controls. RUBS for utilities ($50/unit) is already in place, further boosting NOI potential.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

12

PRICE/UNIT

$91,667

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

1923

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,171 SF

ZONING

-

APN/PARCEL ID

30-310-20-16-00-0-00-000

ASK ABOUT THIS PROPERTY

David BelpedioClemons Real EstateMore Info
913-653-8204

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David BelpedioClemons Real EstateMore Info
913-653-8204

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