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1114 E Armour Blvd 9 Unit Apartment Building $1,150,000 ($127,778/Unit) Kansas City, MO 64109
INVESTMENT HIGHLIGHTS
- Adjacent to 340 unit class A apartment development
- Proximity to MAC Armour Blvd Development which covers 36 buildings and more than 2,000 apartment units
- Large, recently renovated units
- Well maintained by experienced, local, owner
EXECUTIVE SUMMARY
The East Armour 9 is a 9-unit offering situated off E Armour and Troost, located in the historic Center City Neighborhood of Midtown Kansas City, MO. The property has received significant upgrades throughout ownership and consists of three (3 x 2) units, four (2 x 1) units and two (1 x 1) units. 4/9 units have washer and dryer in unit and are poised to receive highest market rent. The vast expansion and development of E Armour Blvd, and the rapid rise of popularity of Midtown, Kansas City makes this a perfect investment for anyone looking to purchase a small multi-family building in Kansas City. The property was originally constructed in 1907 with current ownership completing interior renovations sporadically over the last several years. Roof is from 2016. Ages of HVAC systems vary. Electrical and plumbing has been updated as needed. Unit renovations include: updated countertops, new cabinets, updated kitchen and bathroom tiles, washer and dryer in select units and more.
PROPERTY FACTS Under Contract
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $127,778 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 11,788 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1907/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $1,150,000 |
| Price Per Unit | $127,778 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 11,788 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1907/2022 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 700 |
| 2+1 | 4 | - | 900 |
| 3+1 | 3 | - | 1,000 |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 29-730-24-13-00-0-00-000 | Improvements Assessment | $17,320 |
| Land Assessment | $7,053 | Total Assessment | $24,373 |
PROPERTY TAXES
Parcel Number
29-730-24-13-00-0-00-000
Land Assessment
$7,053
Improvements Assessment
$17,320
Total Assessment
$24,373
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1114 E Armour Blvd
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