Historical Multifamily Sale Listing - Columbia Burlap Lofts

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Columbia Burlap Lofts

1412 W. 12th Street, Kansas City, MO 64101

N/A

14 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
14
Building Size:
42,500 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Additional Sub-types:
Free Standing Bldg
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
10%
Occupancy:
100%
Lot Size:
0.30 AC
Listing ID
15704757
Last Updated
over 1 year ago

Description

Columbia Burlap Lofts is a five-story brick building originally constructed in 1887. The floor plates of each floor are 8000+ square feet and the basement is slightly larger. Total square footage is 42,500 square feet not counting the basement. The building contains 14 large Lofts ranging in size from 1400 to 3500 square feet. The building is 100% leased. There is parking to the west and behind the building. $717,000 in capital improvements have been made to the building. A list of capital improvements is available. A Phase I report and Survey are also available. The property may be eligible for historic tax credits.

Columbia Burlap Lofts is strategically located in the historic West Bottoms of Kansas City. Situated at the corner of 12th & Liberty at the base of the 12th Street Bridge, the building has impressive street presence. The 42,500 square foot building is divided into 14 large Lofts. The first three floors contain two Lofts per floor (3500 sq. ft. each) and the top two floors contain four Lofts per floor (1400 - 2000 sq. ft. each). All top floors have unique architectural details including six arched windows. All 14 Lofts are 100% leased. For more information on income, expenses, zoning and neighborhood development, contact Antonia Marie at or

Map of 1412 W. 12th Street, Kansas City, MO 64101 (Jackson County)

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Created 5/9/2008