816-977-2924
4231-4239 Walnut St, Kansas City, MO for Sale
Apartments - FOR SALE
1/16
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4231-4239 Walnut St
Kansas City, MO 64111
Southmoreland


HIGHLIGHTS

  • Fantastic Location with Direct KC Streetcar Access
  • Clear Mark-to-Market Opportunity Within the Comparable Set
  • Strong Going-In Yield
  • Renovated Boutique Asset with High Quality Finishes
  • Established Employment Corridor with Strong Demand Drivers
  • Exceptional Walkability – 91 Walk Score

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to acquire The Hive at Walnut, a recently renovated 29-unit multifamily community located in Kansas City, Missouri, situated in the highly desirable historic Southmoreland neighborhood. Built in 1967 and comprehensively renovated in 2023, The Hive at Walnut is a truly unique asset that is located within walking distance of the new KC Streetcar Main Street Extension and the Country Club Plaza. The asset presents a compelling opportunity to increase revenue by marking in-place rents to market. The community offers residents a wide array of high-quality amenities including stainless steel appliances, in unit stacked washers and dryers, central air conditioning, and private balconies. The Hive at Walnut offers extremely sustainable renter demand from major nearby employers like St. Luke's Hospital and provides a new investor with durable cash flow and multiple value creation opportunities.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hive at Walnut

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

R-1.5; Residential 1.5

APN/PARCEL ID

30-230-32-28-00-0-00-000,30-230-32-28-00-0-01-099

ASK ABOUT THIS PROPERTY

816-977-2924

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816-977-2924

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