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3500 Jefferson St 8 Unit Apartment Building $1,400,000 ($175,000/Unit) Kansas City, MO 64111
Investment Highlights
- 8 Luxury 2 bed 2 bath apartments with significant work already complete
- Additional ~0.5 Acres presents further development opportunity
- Off-street parking on-site plus close proximity to the Kansas City Streetcar
- Construction Set available for new buyer to take over swiftly
- Immediately adjacent southwest trafficway and walkable to midtown
Executive Summary
In coveted Valentine Neighborhood (within Midtown, KC), walking distance from coffee shops and entertainment along Broadway, a half mile walk to future streetcar stop at Armour and Main, and quick drive to downtown or the Country Club Plaza via southwest trafficway on the west. Discover an exceptional development opportunity in the coveted Valentine neighborhood of Kansas City, MO. This unique offering consists of two partially completed 4-unit buildings, with full construction plans ready to transform them into a total of 8 luxury 2-bedroom, 2-bathroom apartment units. In addition to the existing buildings, there is an extra half-acre land development opportunity. Situated right off Southwest Trafficway, this prime location provides excellent access to Westport, the Country Club Plaza, Midtown, Downtown, and KU Med.
Property Facts Under Contract
| Price | $1,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 8 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2020 |
| Zoning | R-1.5 - Residential | ||
| Price | $1,400,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2020 |
| Zoning | R-1.5 - Residential |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Waterfront
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29-940-36-01-00-0-00-000 | Improvements Assessment | $74,965 |
| Land Assessment | $12,730 | Total Assessment | $87,695 |
Property Taxes
Parcel Number
29-940-36-01-00-0-00-000
Land Assessment
$12,730
Improvements Assessment
$74,965
Total Assessment
$87,695
Contacts
-
Quinn Hahs -
Audrey Navarro -
Jennekah Barnes -
Sarah Alberico
-
Clemons Real Estate
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