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Bakers Corner Apartments 1412 W 39th St 17 Unit Apartment Building $3,300,000 ($194,118/Unit) 5.92% Cap Rate Kansas City, MO 64111
Investment Highlights
- Steps from KU Medical Center & 39th Street Corridor
- Strong Rent Growth & Historical Occupancy
- Fully Renovated
- Washer/Dryer In Unit
Executive Summary
The Baker’s Corner Apartments, consisting of 17 Units are ideally located just steps from KU Medical Center, one of the largest employers in the Kansas City metro area and the vibrant 39th Street Corridor. The property features strong historical occupancy and consistent rent growth, supported by the area’s high rental demand. The Baker's Corner Apartments present an exceptional opportunity to acquire a stabilized, income-producing asset with long-term appreciation potential in one of Kansas City’s most desirable submarkets.
Property Facts Under Contract
| Price | $3,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $194,118 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 5.92% | Building Size | 15,452 SF |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Price | $3,300,000 |
| Price Per Unit | $194,118 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 15,452 SF |
| No. Stories | 4 |
| Year Built | 1930 |
| Parking Ratio | 1.81/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $1,375 | 796 - 800 |
| 2+1 | 8 | $1,400 | 910 |
| 2+2 | 1 | $1,425 | 750 |
| 3+2 | 1 | $1,895 | 1,380 |
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Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-320-25-23-00-0-00-000 | Improvements Assessment | $202,650 |
| Land Assessment | $0 | Total Assessment | $202,650 |
Property Taxes
Parcel Number
30-320-25-23-00-0-00-000
Land Assessment
$0
Improvements Assessment
$202,650
Total Assessment
$202,650
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Bakers Corner Apartments | 1412 W 39th St
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