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8705 E 63rd Trafficway 10 Unit Apartment Building $650,000 ($65,000/Unit) 9.89% Cap Rate Kansas City, MO 64133
Investment Highlights
- Fully remodeled 10-unit property with all major systems replaced in 2022.
- Current occupancy over 95%, producing stable annual income with low maintenance.
- Strategically located near retail essentials and major thoroughfares in Kansas City.
- Expansion possibility on 0.63 acres zoned B3-2, supported by feasibility study.
- Individual mini-split HVAC systems, luxury flooring, and energy-efficient upgrades.
- No anticipated capital requirements for years, offering immediate operational stability.
Executive Summary
This newly upgraded 10-unit multifamily property in Kansas City, MO represents a distinctive opportunity for investors seeking a stabilized asset with strong future development potential. Situated on 0.63 acres and zoned B3-2, the property allows for the possibility of expansion or conversion to alternative uses, such as residential, commercial, or adding additional multifamily units, based on a recent feasibility study.
Completely renovated in 2022, this property provides immediate operational efficiency and reduced long-term capital expenditure. Major updates include full bathroom upgrades, efficient kitchenette installations, luxury plank flooring, split HVAC systems with heat pump, new high-efficiency water lines, and enhanced insulation for energy savings. Current occupancy exceeds 95%, generating over $97,500 in gross annual income, with stable cash flow and future upside through added development or enhanced operations.
Located along E 63rd Trafficway near Blue Ridge Blvd, the site offers convenient access to essential retail, groceries, coffee shops, and lifestyle services, creating strong demand appeal for tenants. With its turn-key condition, zoning flexibility, and proximity to key neighborhood amenities, this asset positions itself as a long-term hold, transitional housing opportunity, or expansion play in a high-demand Kansas City submarket.
Completely renovated in 2022, this property provides immediate operational efficiency and reduced long-term capital expenditure. Major updates include full bathroom upgrades, efficient kitchenette installations, luxury plank flooring, split HVAC systems with heat pump, new high-efficiency water lines, and enhanced insulation for energy savings. Current occupancy exceeds 95%, generating over $97,500 in gross annual income, with stable cash flow and future upside through added development or enhanced operations.
Located along E 63rd Trafficway near Blue Ridge Blvd, the site offers convenient access to essential retail, groceries, coffee shops, and lifestyle services, creating strong demand appeal for tenants. With its turn-key condition, zoning flexibility, and proximity to key neighborhood amenities, this asset positions itself as a long-term hold, transitional housing opportunity, or expansion play in a high-demand Kansas City submarket.
Property Facts
| Price | $650,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $65,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 9.89% | Building Size | 3,700 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | B3-2 - B3-2 zoning allows for residential, commercial, and multi-family use!! | ||
| Price | $650,000 |
| Price Per Unit | $65,000 |
| Sale Type | Investment |
| Cap Rate | 9.89% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 3,700 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Zoning | B3-2 - B3-2 zoning allows for residential, commercial, and multi-family use!! |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 10 | - | 370 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 45-340-01-04-00-0-00-000 | Improvements Assessment | $59,922 |
| Land Assessment | $3,564 | Total Assessment | $63,486 |
Property Taxes
Parcel Number
45-340-01-04-00-0-00-000
Land Assessment
$3,564
Improvements Assessment
$59,922
Total Assessment
$63,486
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8705 E 63rd Trafficway