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West Chester Apartments 8000-8034 E 88th Ter 18 Unit Apartment Building $1,493,150 ($82,953/Unit) 6% Cap Rate Kansas City, MO 64138
Executive Summary
Westchester Apartments is an 18-unit multifamily community located at 8000–8034 E 88th Terrace in Kansas City, Missouri. Set across two well-maintained brick buildings (fronts & sides) on mature, tree-lined grounds, the property consists entirely of one-bedroom, one-bath residences averaging 775 square feet — a consistent unit mix that keeps operations simple and demand steady. Each home includes a private balcony or patio, individual HVAC system and water tank, with fully separately metered utilities (water/sewer, electric and gas). Twenty-two parking spaces serve the community, with room on the lot to add more. Beyond the in-place plan, the property offers the potential to add as many as six additional units, expanding the community from 18 to as many as 24. Full build-out and stabilization at premium rents supports pro forma net operating income of approximately $174,000. Westchester sits in an established residential pocket of southern Kansas City, a metro consistently recognized for its affordability, steady renter demand and expanding employment base — with workforce housing leading the market in rent growth. Easy access to several major highways (435, 350/50, 470, 71/49). Please see the attached Offering Memorandum for additional information (Market Overview, Financial Analysis, Rent Roll, Sales Comps, etc.). HOA takes care of lawn maintenance (mowing, weed & fertilizer), snow removal and painting building exteriors (appr every 8 years).
Financial Summary (Actual - 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 (Actual - 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
| Price | $1,493,150 | Apartment Style | Low-Rise |
| Price Per Unit | $82,953 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 6% | Building Size | 14,250 SF |
| Gross Rent Multiplier | 7.8 | Average Occupancy | 95% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment |
| Price | $1,493,150 |
| Price Per Unit | $82,953 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 14,250 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1966 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 750 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 50-331-02-25-00-0-00-000 | Total Assessment | $85,181 (2026) |
| Land Assessment | $23,765 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $61,416 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
50-331-02-25-00-0-00-000
Land Assessment
$23,765 (2026)
Improvements Assessment
$61,416 (2026)
Total Assessment
$85,181 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
West Chester Apartments | 8000-8034 E 88th Ter