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622 Hardesty Ave 20 Unit Apartment Building $1,700,000 ($85,000/Unit) Kansas City, MO 64124
INVESTMENT HIGHLIGHTS
- Minutes from Downtown
- Turnkey Investment
- Major CapEx Completed
EXECUTIVE SUMMARY
Turnkey 20-Unit Multifamily – High-Upside Kansas City Investment
Fully renovated 20-unit apartment building featuring 8 one-bedroom units and 12 studios, offered at $1,700,000. The property is vacant and ready for lease-up, giving investors full control to set rents and maximize returns. Most major CapEx taken care of affords a peace of mind investment.
The unfinished basement offers additional upside — ideal for adding laundry, storage, community space, or additional units (buyer to verify). Located just minutes from downtown Kansas City, this asset combines modern updates, strong rental demand, and multiple value-add plays.
Highlights:
20 units: 8 (1BR) + 12 (Studios)
Fully renovated and vacant
Prime location near downtown
Basement offers expansion potential
Strong KC rental market fundamentals
An excellent opportunity for investors seeking a cash-flowing, value-add multifamily in a growing area.
Fully renovated 20-unit apartment building featuring 8 one-bedroom units and 12 studios, offered at $1,700,000. The property is vacant and ready for lease-up, giving investors full control to set rents and maximize returns. Most major CapEx taken care of affords a peace of mind investment.
The unfinished basement offers additional upside — ideal for adding laundry, storage, community space, or additional units (buyer to verify). Located just minutes from downtown Kansas City, this asset combines modern updates, strong rental demand, and multiple value-add plays.
Highlights:
20 units: 8 (1BR) + 12 (Studios)
Fully renovated and vacant
Prime location near downtown
Basement offers expansion potential
Strong KC rental market fundamentals
An excellent opportunity for investors seeking a cash-flowing, value-add multifamily in a growing area.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $930.00 | - |
| Studios | 12 | $850.00 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 28-210-05-01-00-0-00-000 | Total Assessment | $40,379 |
| Land Assessment | $2,514 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $37,865 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
28-210-05-01-00-0-00-000
Land Assessment
$2,514
Improvements Assessment
$37,865
Total Assessment
$40,379
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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622 Hardesty Ave
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