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Swope Plaza Estates 3000 E 49th St 63 Unit Apartment Building For Sale Kansas City, MO 64130
Investment Highlights
- Vacant and Construction-Ready - Fully roughed-in, ready for finish-out
- Additional Units Possible - Add six walkout units, cost-effective expansion
- Efficient Utility & Ops Structure - Exterior entrances, individual metering, leads to lean ops
- All One-Bedroom Layouts - Streamlined, uniform 650 SF floorplans
- Strong Income Profile - Stabalized income support a $406K NOI
- Positioned for Growth - Significant past and future investment in the immediate corridor
Executive Summary
Clemons Real Estate is pleased to present Swope Plaza Estates, a 63-unit multifamily redevelopment opportunity located along Martin Luther King Jr. Blvd in Kansas City.
The property is fully vacant with all units framed and roughed-in, offering a direct path to completion and lease-up. Each unit is a 650 SF one-bedroom layout, with potential to add six additional units via existing walkout basements. Projected stabilized income supports a $406k annual NOI. Located just south of Brush Creek and Hwy 71, adjacent to the planned Offices at Overlook development, this offering pairs scalability with strong fundamentals and long-term upside.
The property is fully vacant with all units framed and roughed-in, offering a direct path to completion and lease-up. Each unit is a 650 SF one-bedroom layout, with potential to add six additional units via existing walkout basements. Projected stabilized income supports a $406k annual NOI. Located just south of Brush Creek and Hwy 71, adjacent to the planned Offices at Overlook development, this offering pairs scalability with strong fundamentals and long-term upside.
Property Facts
| Sale Type | Investment | Building Size | 42,512 SF |
| No. Units | 63 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Garden | Parking Ratio | 1.5/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.30 AC | ||
| Zoning | R-1.5 - Residential | ||
| Sale Type | Investment |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.30 AC |
| Building Size | 42,512 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-1.5 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Package Service
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 63 | - | 650 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 31-430-06-03-00-0-00-000 | Improvements Assessment | $450,040 |
| Land Assessment | $52,510 | Total Assessment | $502,550 |
Property Taxes
Parcel Number
31-430-06-03-00-0-00-000
Land Assessment
$52,510
Improvements Assessment
$450,040
Total Assessment
$502,550
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Contact the Sale Advisor
Swope Plaza Estates | 3000 E 49th St