816-531-2884
804-808 Broadway St, Kansas City, MO for Sale
Apartments - FOR SALE
1/25
null | Request Cap Rate

804-808 Broadway St
Kansas City, MO 64105
Quality Hill


HIGHLIGHTS

  • Opportunity to acquire 30 units fully renovated in 2015 - Upgrades include brand new mechanicals, windows, roof, & Class A interior finishes
  • Full-size, side-by-side washer and dryer in all units
  • Opportunity to acquire 99-stall parking garage just one block north of the property
  • Highly walkable and desirable location - Located directly on Broadway, 0.4 miles from KC Streetcar, and 0.5 miles from the River Market
  • Proximity to neighborhood retail and commercial amenities with no property-level exposure to commercial tenants
  • Operationally stable investment opportunity with 93%+ current occupancy

OVERVIEW

Completely renovated in 2015, the property combines boutique scale, modern finishes, and a highly desirable amenity package to deliver a compelling residential offering in one of the city’s most dynamic urban locations. The property is designed to attract and retain today’s renter, with condo-level finishes, high ceilings, full-size side-by-side washers and dryers in all units, storage lockers, a community room featuring co-working space, and a fitness center. Its prime downtown setting places residents within immediate reach of Kansas City’s leading employment, dining, entertainment, and cultural destinations, reinforcing the property’s strong appeal within the market. Further enhancing the opportunity is the ability for an additional acquisition of a secure-access parking garage and upper-level surface lot with 99 total spaces located just steps from the property. This rare parking component provides a meaningful competitive advantage, added convenience for residents, and the potential for supplemental income in an urban environment where parking remains a valuable amenity. Currently, Ownership charges $110 per month for garage parking and $80 per month for surface parking. With its Class A quality, complete 2015 renovation, exceptional downtown location, and additional parking upside, Butler Brothers Lofts presents a rare opportunity to acquire a distinctive, high-quality multifamily asset with strong in-place fundamentals and long-term appeal. Contact us today to discuss this unique investment opportunity in further detail and to arrange a property tour.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

30

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Butler Brothers Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1909

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,989 SF

ZONING

-

APN/PARCEL ID

29-310-21-02-00-0-00-000

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.