Brice Bradshaw
This listing was posted on RealtyWW.
$1,820,000
Home For Sale In Kansas City, Missouri
Price:
$1,820,000
Location:
4033 Oak St, Kansas City, MO
Description:
Well-maintained 14-unit garden style apartment complex just south of the Plexpod in a historic Southmoreland neighborhood. Stands 3-stories with updated balconies, newer exterior paint and parking lot at the rear providing tenants 10 off-street spaces (recently sealed). The 14 units consists of studios (1), one-bedroom units (2), two-bedroom units (9) and three-bedroom units (2). The propertys location is anchored by the Arts District as well as universities, hospitals, local shops/restaurants and businesses. It is well positioned to take advantage of its location next to multiple stops on Main (39th, 43rd, and 45th) of the KC Streetcar extension line. Over the last 10 years, ownership has completed capital expenditures including decks/railings, new sliding glass doors and vinyl windows, updated landscaping, siding repairs, gutter and fascia repairs, concrete flatwork and updates to appliances and counter surfaces (select units). All units at the property have central air, spacious floorplans, Google Fiber, ample closet space, fully equipped kitchens, LVT flooring and carpet in bedrooms. A secured designated laundry room is offered to tenants with coin-operated machines on a month-to-month Jetz lease. The building is separately metered for gas and electric (tenant paid) and has common water and trash (landlord paid). The building is partially broker owned and has 3rd party management in place. At the start of April, owner implemented a water savings program/equipment to help reduce water expenses. The asset is appealing to both the stabilized and value-add investor. Buyers could continue to manage property as-is with small incremental improvements or look to carry out enhanced make-readies on kitchens/baths and add laundry to units with RUBS implemented to maximize rents. Buyers looking for greater scale can package this property with 4505 Jarboe (MLS:2483418), a 12-unit complex in West Plaza owned/operated by the same partnership.For more details: https://realtyww.info/homes_kansas-city-d523408/for-sale_i70822067
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More About this Listing: Home For Sale In Kansas City, Missouri
Home For Sale In Kansas City, Missouri is a Single-Family Homes for Sale at 4033 Oak St in Kansas City MO. Find other listings like Home For Sale In Kansas City, Missouri and listings near 4033 Oak St by searching Oodle Classifieds for Single-Family Homes for Sale in Kansas City MO.
Home For Sale In Kansas City, Missouri is a Single-Family Homes for Sale at 4033 Oak St in Kansas City MO. Find other listings like Home For Sale In Kansas City, Missouri and listings near 4033 Oak St by searching Oodle Classifieds for Single-Family Homes for Sale in Kansas City MO.