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622 Hardesty Ave 20 Unit Apartment Building $1,450,000 ($72,500/Unit) 7.01% Cap Rate 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 $1,450,000. The property is currently leased at 70% occupancy, with tenants being added to rent roll regularly.
The unfinished basement has laundry, and offers additional upside — 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
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 $1,450,000. The property is currently leased at 70% occupancy, with tenants being added to rent roll regularly.
The unfinished basement has laundry, and offers additional upside — 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
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 - 2026) 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 - 2026) 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 | $750.00 | - |
| Studios | 12 | $650.00 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 28-210-05-01-00-0-00-000 | Total Assessment | $40,379 (2025) |
| Land Assessment | $2,514 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $37,865 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
28-210-05-01-00-0-00-000
Land Assessment
$2,514 (2025)
Improvements Assessment
$37,865 (2025)
Total Assessment
$40,379 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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622 Hardesty Ave