816-718-5248
706 E 139th St, Kansas City, MO for Sale
Apartments - FOR SALE
1/44
null | Request Cap Rate

706 E 139th St
Kansas City, MO 64146
Blue Ridge Farms


HIGHLIGHTS

  • Comprehensive Four-Year Renovation Program
  • Operational Upside Across Multiple Income Items
  • Supply-Constrained Submarket with Strong Fundamentals
  • Affluent Surrounding Demographics and Strong Demand Drivers
  • Diverse Unit Mix with Premium Townhome Product
  • Offered Free and Clear or with Assumable Existing Freddie Mac Financing

OVERVIEW

As exclusive advisor, MMG Real Estate Advisors is pleased to present Martin City Flats, a 30-unit multifamily community located at 706 E 139th Street in Kansas City, Missouri. Originally built in 1965, the property was acquired by current ownership and has undergone a comprehensive renovation program totaling over $446,000 in capital improvements from 2022 through 2025, including new exterior decks, electrical panel upgrades, HVAC replacements, appliance packages, and full interior unit renovations across multiple buildings. Martin City Flats is a 96.7% occupied, cash-flowing asset situated in one of the tightest submarkets in the Kansas City metro, with a 4.2% vacancy rate and no new supply in the pipeline. The surrounding three-mile trade area carries a median household income of $98,006, supported by strong demand drivers including the Cerner/Oracle Health campus and immediate access to Interstate 49 and MO-150. Current ownership has addressed deferred maintenance and invested heavily in capital improvements, leaving a new buyer with a renovated, stabilized asset and multiple paths to grow NOI from day one.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Martin City Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C2, Kansas City

APN/PARCEL ID

66-200-04-49-00-0-00-000,66-200-04-50-00-0-00-000,66-200-04-51-00-0-00-000

ASK ABOUT THIS PROPERTY

816-718-5248

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816-718-5248

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