901-903 39th St - Multi-Family FOR SALE


Kansas City, MO 64110- South Hyde Park
$595,000 USD
913-219-7074
901-903 39th St, Kansas City, MO for Sale
$595,000 USD
Multi-Family - FOR SALE
1/32
null | Request Cap Rate

901-903 39th St
Kansas City, MO 64110
South Hyde Park


HIGHLIGHTS

  • ?To-the-studs Renovation in 2021
  • ?Fully Furnished Units | Class A Finishes | Short-Term Rentals
  • ?5 Off-Street Parking Spaces
  • ?2-Bedroom Units | 1,296 SF +/- | Average Rent: $2,500
  • ?Excellent Location near Westport, Plaza and KC Streetcar
  • ?Adjacent duplex available (off-market)

OVERVIEW

The property at 901 E. 39th is a meticulously restored, two-story brick complex located in the highly sought-after historic South Hyde Park neighborhood of Kansas City, Missouri. Constructed in 1920, this classic-style building exudes timeless charm while offering modern conveniences, making it an exceptional investment opportunity. The complex comprises two fully renovated 2-bedroom units, each with a thoughtfully designed footprint of approximately 1,300 square feet. Residents enjoy private patios or balconies with picturesque neighborhood views, as well as five off-street parking spaces. Following an extensive to-the-studs rehabilitation project completed in 2021, the property has been fully stabilized and now operates as a furnished short-term rental property with average rents of $2,500/month. The property is owner-operated and leased through Airbnb & Furnished Finder to traveling nurse and electrician programs. Each unit has been upgraded to Class A standards, featuring high-end finishes including stainless steel appliances, quartz countertops, new windows, in-unit washers and dryers, fully updated bathrooms & kitchens, new fixtures, new paint, and refinished flooring. Additionally, significant infrastructure improvements include the installation of new electrical and plumbing service as well as a new sewer. Modern amenities include central air conditioning, individual hot water heaters, and separate utility metering for gas, electric, and water, ensuring optimized operational efficiency. The building's exterior has also been refreshed with newer paint further enhancing its curb appeal. This turn-key asset offers investors a rare opportunity to acquire a fully modernized property in a vibrant, historically rich neighborhood with strong tenant demand. Additionally, the neighboring duplex, also under the same ownership, is available for purchase—an excellent opportunity to maximize operational efficiencies and enhance value by owning adjacent properties.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

2

PRICE/UNIT

$297,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,623 SF

ZONING

R-5

APN/PARCEL ID

30-240-02-03-00-0-00-000

ASK ABOUT THIS PROPERTY

Brice BradshawKCCommercial.netMore Info
913-219-7074

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Brice BradshawKCCommercial.netMore Info
913-219-7074

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