412 W 8th St - Apartments FOR SALE


Kansas City, MO 64105- Quality Hill
$8,500,000 USD
816-531-2884
412 W 8th St, Kansas City, MO for Sale
$8,500,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

412 W 8th St
Kansas City, MO 64105
Quality Hill


HIGHLIGHTS

  • Since current Owner’s acquisition in 2024; approximately $200k for replacement of entire elevator hydraulic system and $80K for installation of new HV
  • Ground Floor Commercial Space currently leased to a single tenant, the Kansas City Metropolitan Crime Commission, through November 2030.
  • Adaptive reuse, originally built 1907, converted to multifamily in 1980. Fully renovated 2014 including updated unit interiors and amenities.

OVERVIEW

Berkadia is pleased to present the exclusive opportunity to acquire Trolley Park Lofts, a coveted multifamily loft asset located in Downtown Kansas City, MO – just minutes from the T-Mobile Center, Power & Light District and a host of major local employers. Fully renovated in 2019, Trolley Park Lofts offers 55 units, comprised of 29 one-bedroom units and 26 two-bedroom residences, with an average size of 907 square feet. Residents enjoy walkability to neighborhood amenities, in addition to spacious floor plans, high ceilings and a comprehensive amenity package including a fitness center, clubhouse, outdoor common areas, controlled access system, bicycle storage, lobby area and resident storage space. The property also features approximately 6,800 square feet of ground floor commercial office space that is currently leased to a single tenant through November 2030. With in-place rents below those of many competing properties, there is significant potential to increase revenue through a strategic value-add program. Contact us today to discuss this unique investment opportunity in further detail and to arrange a property tour.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

55

PRICE/UNIT

$154,545

CAP RATE

Request Cap Rate

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trolley Park Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

29-310-19-08-00-0-00-000

ASK ABOUT THIS PROPERTY

Michael SperoBerkadiaMore Info
816-531-2884

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Michael SperoBerkadiaMore Info
816-531-2884

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