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1515 Walnut St 6 Unit Apartment Building $4,500,000 ($750,000/Unit) 4.29% Cap Rate Kansas City, MO 64108



Investment Highlights
- The property features a 2500 sf penthouse home on the top floor. Tremendous views, great location. 1400 sf outdoor terrace with great views.
- Property includes a ground level, indoor, heated parking garage for 11 cars. This is a premium feature in this neighborhood!
- Property includes 8 income-producing units.
Executive Summary
There is simply no other building like this in Kansas City. This is a once-in-a-lifetime chance to own a truly exceptional property. Located in the heart of the Crossroads Arts District, this 1946 building has been transformed by a leading KC design architect/owner into a masterpiece of sustainable urban living. The combination of it's prime location, unparalleled design, and panoramic views of the skyline sets it apart.The mixed-use building features six income producing apartments, each with a large balcony and garage parking space and storage, along with 2 street level retail spaces. Rooftop solar panels provide 50% of the power demands for the entire building. The owner's 2500 sq.ft. rooftop penthouse boasts a 1400 sq. ft. private terrace with green roof gardens and a dog friendly area. An additional 750 sq. ft. of accessory space located in the garage provides added amenity and flexibility. Eleven indoor, heated parking spaces, with 3 dedicated to the penthouse (including an electric vehicle charging station), and one space per rental unit, offer unmatched convenience and security. This building is a testament to vision and craftsmanship, offering a one of a kind living and investment experience. Located one block from the streetcar and the future South Loop Park and all of the amenities that the neighborhood offers: Movie theater, Grocery Store, T-Mobile Center, Kauffman Center for the Performing Arts, and a wide selection of restaurants and entertainment venues and possibly the new Royals Stadium! See supplements for Penthouse Highlights.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Views
- Walk-In Closets
- Deck
- Double Pane Windows
- Island Kitchen
- Loft Layout
- Pantry
- Smoke Free
- Window Coverings
- Large Bedrooms
- Quartz Countertops
- Floor to Ceiling Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | 900 - 1,000 |
| 2+1 | 1 | - | 1,100 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 29-230-29-18-00-0-00-000 | Improvements Assessment | $243,115 |
| Land Assessment | $215,650 | Total Assessment | $458,765 |
Property Taxes
Parcel Number
29-230-29-18-00-0-00-000
Land Assessment
$215,650
Improvements Assessment
$243,115
Total Assessment
$458,765
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Videos
Matterport 3D Exterior
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1515 Walnut St
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