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The Hive at Walnut 4231-4239 Walnut St 29 Unit Apartment Building For Sale Kansas City, MO 64111
Investment Highlights
- Fantastic Location with Direct KC Streetcar Access
- Strong Going-In Yield
- Established Employment Corridor with Strong Demand Drivers
- Clear Mark-to-Market Opportunity Within the Comparable Set
- Renovated Boutique Asset with High Quality Finishes
- Exceptional Walkability – 91 Walk Score
Executive Summary
As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to acquire The Hive at Walnut, a recently renovated 29-unit multifamily community located in Kansas City, Missouri, situated in the highly desirable historic Southmoreland neighborhood. Built in 1967 and comprehensively renovated in 2023, The Hive at Walnut is a truly unique asset that is located within walking distance of the new KC Streetcar Main Street Extension and the Country Club Plaza. The asset presents a compelling opportunity to increase revenue by marking in-place rents to market. The community offers residents a wide array of high-quality amenities including stainless steel appliances, in unit stacked washers and dryers, central air conditioning, and private balconies. The Hive at Walnut offers extremely sustainable renter demand from major nearby employers like St. Luke's Hospital and provides a new investor with durable cash flow and multiple value creation opportunities.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.66 AC |
| No. Units | 29 | Building Size | 25,050 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1967 |
| Building Class | C | Parking Ratio | 0.96/1,000 SF |
| Zoning | R-1.5; Residential 1.5 - Residential | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 25,050 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R-1.5; Residential 1.5 - Residential |
Amenities
Unit Amenities
- Washer/Dryer
- Stainless Steel Appliances
- Quartz Countertops
Site Amenities
- Courtyard
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,050 | 725 |
| 2+1 | 23 | $1,251 | 950 |
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Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,078,216 (2025) | |
| Land Assessment | $1,957 (2025) | Total Assessment | $1,080,173 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$1,957 (2025)
Improvements Assessment
$1,078,216 (2025)
Total Assessment
$1,080,173 (2025)
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The Hive at Walnut | 4231-4239 Walnut St
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