920 Broadway Blvd - Apartments FOR SALE


Kansas City, MO 64105- Quality Hill
$2,500,000 USD
913-439-9332
920 Broadway Blvd, Kansas City, MO for Sale
$2,500,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

920 Broadway Blvd
Kansas City, MO 64105
Quality Hill


OVERVIEW

The Jewell Lofts is a 15 unit offering situated off 9 and Broadway, located in the historic Garment District of Downtown Kansas City, MO. Properties in this neighborhood rarely change hands, with only one sale within the last 3 years. The property has been fully renovated over the last three years and consists of six (2 x 2) units, eight (1 x 1) units and one studio. All units have washer and dryer in unit and are poised to receive highest market rent. The vast expansion and development of Downtown Kansas City and its surrounding neighborhoods make this a premier investment for anyone looking to stay in Kansas City for the long-term. The property was originally constructed in 1921 with current ownership completing interior renovations sporadically over the last 4 years. Ages of roof is unknown but is a ballasted flat roof with a longer life expectancy than anormal TPO roof. Ages of HVAC systems vary. Electrical and plumbing was fully updated when the property was taken down to the studs in the 1990’s. All units have been renovated and feature: modern stainless steel appliances, quartz countertops, LVP flooring, washer & dryer in-unit, updated bathroom vanities and new tiling in the showers.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

15

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jewell Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

29-310-29-07-00-0-00-000

ASK ABOUT THIS PROPERTY

Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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