8705 E 63rd Trafficway - Apartments FOR SALE


Kansas City, MO 64133- East Swope Highlands
$650,000 USD
913-775-0443
8705 E 63rd Trafficway, Kansas City, MO for Sale
$650,000 USD
Apartments - FOR SALE
1/87
null | 9.89% Cap Rate

8705 E 63rd Trafficway
Kansas City, MO 64133
East Swope Highlands


HIGHLIGHTS

  • Fully remodeled 10-unit property with all major systems replaced in 2022.
  • Expansion possibility on 0.63 acres zoned B3-2, supported by feasibility study.
  • Current occupancy over 95%, producing stable annual income with low maintenance.
  • Individual mini-split HVAC systems, luxury flooring, and energy-efficient upgrades.
  • Strategically located near retail essentials and major thoroughfares in Kansas City.
  • No anticipated capital requirements for years, offering immediate operational stability.

OVERVIEW

This newly upgraded 10-unit multifamily property in Kansas City, MO represents a distinctive opportunity for investors seeking a stabilized asset with strong future development potential. Situated on 0.63 acres and zoned B3-2, the property allows for the possibility of expansion or conversion to alternative uses, such as residential, commercial, or adding additional multifamily units, based on a recent feasibility study. Completely renovated in 2022, this property provides immediate operational efficiency and reduced long-term capital expenditure. Major updates include full bathroom upgrades, efficient kitchenette installations, luxury plank flooring, split HVAC systems with heat pump, new high-efficiency water lines, and enhanced insulation for energy savings. Current occupancy exceeds 95%, generating over $97,500 in gross annual income, with stable cash flow and future upside through added development or enhanced operations. Located along E 63rd Trafficway near Blue Ridge Blvd, the site offers convenient access to essential retail, groceries, coffee shops, and lifestyle services, creating strong demand appeal for tenants. With its turn-key condition, zoning flexibility, and proximity to key neighborhood amenities, this asset positions itself as a long-term hold, transitional housing opportunity, or expansion play in a high-demand Kansas City submarket.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

10

PRICE/UNIT

$65,000

CAP RATE

9.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

B3-2

APN/PARCEL ID

45-340-01-04-00-0-00-000

ASK ABOUT THIS PROPERTY

Steve SobyKeller Williams Plaza Realty PartnersMore Info
913-775-0443

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Steve SobyKeller Williams Plaza Realty PartnersMore Info
913-775-0443

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