Historical Multifamily Sale Listing - NEWPORT APARTMENTS

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NEWPORT APARTMENTS

3536 Baltimore, Kansas City, MO 64111

N/A

25 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
25
Building Size:
17,604 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
3%
Cap Rate:
12.91%
Gross Rent Multiplier:
4.06
Occupancy:
75%
No. Stories:
2
Year Built:
1909
APN / Parcel ID:
30-220-06-18-00-0-00-000
Listing ID
16866357
Last Updated
over 1 year ago

Highlights

  • Wonderful piece of KC architectural history
  • Large upside to reposition/replace HVAC
  • Good unit mix to attract diverse tenant base
  • All Brick and Stone construction
  • Private, yet 1 block off Main Street and bus route

Description

Excellent mix of studios and large 1 bedrooms plus 1 - 2 bedroom apt. Currently Bank Owned and motivated to sell.

Excellent Midtown location just a couple of blocks from Penn Valley College Campus, new IRS facility that opened in '08. Located between the Plaza and Crown Center.

Map of 3536 Baltimore, Kansas City, MO 64111

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Created 10/9/2010