This Multifamily Property is Off-Market.

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

14 Units · Multifamily For Sale

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Columbia Burlap Lofts

Price N/A Property Use Type Investment
No. Units 14 Commission Split 3%
Building Size 42,500 SF Cap Rate 10%
Property Type Multifamily Occupancy 100%
Property Sub-type
Mid/High-Rise
More...
  • Free Standing Bldg
Lot Size 0.30 AC
Listing ID: 15704757 Date Created: 05/09/2008 Last Updated: 09/13/2009

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

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

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