8000-8034 E 88th Ter - Apartments FOR SALE


Kansas City, MO 64138- Fairwood & Robandee
$1,495,000 USD
816-518-1860
8000-8034 E 88th Ter, Kansas City, MO for Sale
$1,495,000 USD
Apartments - FOR SALE
1/47
null | 5.99% Cap Rate

8000-8034 E 88th Ter
Kansas City, MO 64138
Fairwood & Robandee


HIGHLIGHTS

  • Each home includes a private balcony or patio, individual HVAC system and water tank, with fully separately metered utilities
  • Full build-out and stabilization at premium rents supports pro forma net operating income of approximately $174,000

OVERVIEW

Westchester Apartments is an 18-unit multifamily community located at 8000–8034 E 88th Terrace in Kansas City, Missouri. Set across two well-maintained brick buildings (fronts & sides) on mature, tree-lined grounds, the property consists entirely of one-bedroom, one-bath residences averaging 775 square feet — a consistent unit mix that keeps operations simple and demand steady. Each home includes a private balcony or patio, individual HVAC system and water tank, with fully separately metered utilities (water/sewer, electric and gas). Twenty-two parking spaces serve the community, with room on the lot to add more. Beyond the in-place plan, the property offers the potential to add as many as six additional units, expanding the community from 18 to as many as 24. Full build-out and stabilization at premium rents supports pro forma net operating income of approximately $174,000. Westchester sits in an established residential pocket of southern Kansas City, a metro consistently recognized for its affordability, steady renter demand and expanding employment base — with workforce housing leading the market in rent growth. Easy access to several major highways (435, 350/50, 470, 71/49). Please see the attached Offering Memorandum for additional information (Market Overview, Financial Analysis, Rent Roll, Sales Comps, etc.). HOA takes care of lawn maintenance (mowing, weed & fertilizer), snow removal and painting building exteriors (appr every 8 years).

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

18

PRICE/UNIT

$83,056

CAP RATE

5.99%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Chester Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1966

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

50-331-02-25-00-0-00-000

ASK ABOUT THIS PROPERTY

Dave GreenGreen Real EstateMore Info
816-518-1860

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Dave GreenGreen Real EstateMore Info
816-518-1860

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