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The Afton Apartments 112 E 43rd St 24 Unit Apartment Building $3,189,000 ($132,875/Unit) Kansas City, MO 64111
Investment Highlights
- Huge Units with Proven Conversion to 2 bed 2 bath
- In-unit Laundry (Renovated Units)
- All Capital Expenses Completed – Including roof and rear stairs
- Large Dedicated Parking Lot with ~20 Spaces
- Walkable to St. Lukes, Westport + County Club Plaza
- 2 Blocks from New Streetcar Line Stop
Executive Summary
The Afton Apartments is an incredible value add opportunity in one of Kansas City’s most vibrant and walkable neighborhoods. The property has undergone significant renovations in the last few years with all new back staircases and a new TPO roof. The current owner has done a luxury renovation on one stack of four units turning huge 1 bed 1 baths into 2 bed 2 bath with a luxury finish and in unit laundry. The remaining 20 units can undergo this same luxury renovation to achieve an income upside of $630 per unit per month!
This location in Southmoreland is 2 blocks from a new streetcar stop and walkable to bars and restaurants. Rarely does such and incredible value add opportunity come up in this neighborhood. This property is stabilized now with incredible future upside in one of Kansas City’s most desirable neighborhoods. Do not miss the chance to add this to your portfolio!
This location in Southmoreland is 2 blocks from a new streetcar stop and walkable to bars and restaurants. Rarely does such and incredible value add opportunity come up in this neighborhood. This property is stabilized now with incredible future upside in one of Kansas City’s most desirable neighborhoods. Do not miss the chance to add this to your portfolio!
Property Facts
| Price | $3,189,000 | Building Class | C |
| Price Per Unit | $132,875 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 13,906 SF |
| No. Units | 24 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2024 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.72/1,000 SF |
| Zoning | R-1.5 | ||
| Price | $3,189,000 |
| Price Per Unit | $132,875 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 13,906 SF |
| Average Occupancy | 92% |
| No. Stories | 4 |
| Year Built/Renovated | 1915/2024 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | R-1.5 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Double Vanities
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Stainless Steel Appliances
- Tub/Shower
- Views
- Basement
- Deck
- Island Kitchen
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,595 | 1,050 |
| 1+1 | 20 | $995.00 | 1,050 |
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Numbers | Improvements Assessment | $135,162 | |
| Land Assessment | $15,074 | Total Assessment | $150,236 |
Property Taxes
Parcel Numbers
Land Assessment
$15,074
Improvements Assessment
$135,162
Total Assessment
$150,236
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The Afton Apartments | 112 E 43rd St
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