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3401-3403 Central St 12 Unit Apartment Building $1,350,000 ($112,500/Unit) Kansas City, MO 64111
Investment Highlights
- All units remodeled with modern finishes, fixtures, and stainless steel appliances.
- Recent upgrades to electrical, plumbing, HVAC, and windows completed in 2019/2020.
- Off-street parking available for select vehicles, a rare feature in Midtown Kansas City.
- Located near KC Streetcar Extension stop, offering easy access to Midtown amenities.
- Shared patio and basement workout facility enhance tenant experience and retention.
- Strong rental area with immediate room for rent growth and appreciation potential.
Executive Summary
This 12-unit multifamily property in Midtown Kansas City offers a compelling investment opportunity in a thriving rental market. Each unit has been remodeled with modern finishes, including updated color schemes, fixtures, and many featuring quartz or granite countertops with stainless steel appliances. The property benefits from strong in-place rents with immediate upside potential, allowing investors to capture forced appreciation by aligning rents with market rates.
Located near the KC Streetcar Extension stop, the property provides excellent connectivity to shops, restaurants, and employment hubs, reducing tenant reliance on vehicles. Recent upgrades include modern electrical, plumbing, HVAC systems, and vinyl windows, all replaced in 2019/2020. Additional amenities include a shared patio, off-street parking for select vehicles, and a large dry basement with a workout facility to enhance tenant retention. With taxes approximating $12,000 annually and a roof age of about six years, this asset is well-positioned for long-term stability and growth.
Located near the KC Streetcar Extension stop, the property provides excellent connectivity to shops, restaurants, and employment hubs, reducing tenant reliance on vehicles. Recent upgrades include modern electrical, plumbing, HVAC systems, and vinyl windows, all replaced in 2019/2020. Additional amenities include a shared patio, off-street parking for select vehicles, and a large dry basement with a workout facility to enhance tenant retention. With taxes approximating $12,000 annually and a roof age of about six years, this asset is well-positioned for long-term stability and growth.
Property Facts
| Price | $1,350,000 | Building Class | C |
| Price Per Unit | $112,500 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 7,452 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.72/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Commercial | ||
| Price | $1,350,000 |
| Price Per Unit | $112,500 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,452 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 1.72/1,000 SF |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 29-830-24-04-00-0-00-000 | Improvements Assessment | $123,023 |
| Land Assessment | $6,382 | Total Assessment | $129,405 |
Property Taxes
Parcel Number
29-830-24-04-00-0-00-000
Land Assessment
$6,382
Improvements Assessment
$123,023
Total Assessment
$129,405
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3401-3403 Central St
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