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Historic Downtown Kansas City 6-Plex 2408-2410 E 29th St 6 Unit Apartment Building $475,000 ($79,167/Unit) 15.76% Cap Rate Kansas City, MO 64109
INVESTMENT HIGHLIGHTS
- Close to downtown, Historic Building, 6 Units, Brick Building, Every Unit Has It's Own Front Porch
- Easy highway access
EXECUTIVE SUMMARY
Motivated Seller!! This is a great apartment building located close to downtown Kansas City MO. This 6 unit complex has 3 floors: The breakdown includes 5 large one bedroom apartments and one large two bedroom apartment plus ample storage in the walkout basement. Every apartment is a good size with a great flow and they all have their own front porch. This building stays occupied and has been pretty easy to rent. Great investment! The Real Estate Performa shows it would gross over 70k a year and priced at just around 80k a door. IT IS A GREAT BUY! Seller's office can assist a buyer in finding the best commercial loans for this property.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$72,000
|
$17.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,000
|
$17.51
|
| Taxes |
$3,800
|
$0.92
|
| Operating Expenses |
$200
|
$0.05
|
| Total Expenses |
$4,000
|
$0.97
|
| Net Operating Income |
$68,000
|
$16.54
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $17.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $72,000 |
| Annual Per SF | $17.51 |
| Taxes | |
|---|---|
| Annual | $3,800 |
| Annual Per SF | $0.92 |
| Operating Expenses | |
|---|---|
| Annual | $200 |
| Annual Per SF | $0.05 |
| Total Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $0.97 |
| Net Operating Income | |
|---|---|
| Annual | $68,000 |
| Annual Per SF | $16.54 |
PROPERTY FACTS
| Price | $475,000 | Building Class | C |
| Price Per Unit | $79,167 | Lot Size | 0.01 AC |
| Sale Type | Investment | Building Size | 4,111 SF |
| Cap Rate | 15.76% | Average Occupancy | 80% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R1.5 - Multi-Family Zoning | ||
| Price | $475,000 |
| Price Per Unit | $79,167 |
| Sale Type | Investment |
| Cap Rate | 15.76% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.01 AC |
| Building Size | 4,111 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2020 |
| Opportunity Zone |
Yes |
| Zoning | R1.5 - Multi-Family Zoning |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Wi-Fi
- Yard
- Basement
- Deck
- Dining Room
- Lawn
- Linen Closet
- Pantry
- Porch
- Vinyl Flooring
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- Fenced Lot
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | $1,050 | 900 - 1,000 |
| 2+1 | 1 | $1,050 | 900 - 1,000 |
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PROPERTY TAXES
| Parcel Number | 29-710-09-20-00-0-00-000 | Total Assessment | $28,143 |
| Land Assessment | $7,353 | Annual Taxes | $3,800 ($0.92/SF) |
| Improvements Assessment | $20,790 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
29-710-09-20-00-0-00-000
Land Assessment
$7,353
Improvements Assessment
$20,790
Total Assessment
$28,143
Annual Taxes
$3,800 ($0.92/SF)
Tax Year
2025
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Historic Downtown Kansas City 6-Plex | 2408-2410 E 29th St
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