$1,400,000
$1,400,000
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9,185 Sqft Lot
SOLD DATE : 03/27/2025
Key Details
Sold Price $1,400,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Bunker Hill
MLS Listing ID 2525460
Sold Date 03/27/25
Originating Board hmls
Year Built 1955
Annual Tax Amount $6,519
Lot Size 9,185 Sqft
Acres 0.21085858
Lot Dimensions 86x106
Property Sub-Type Apartment
Property Description
This fantastic opportunity to own a well-maintained, 8-unit apartment complex ideally located near the vibrant Country Club Plaza, State Line Road, and KU Med is now available! Each spacious unit features 2 bedrooms, 1 full bathroom, a private balcony, and an open floor plan that creates a bright, welcoming atmosphere. The property includes 9 parking spots, providing ample space for tenants, as well as street parking. The building's full basement houses a convenient laundry facility for all residents as well as potential for storage units, both adding income for the owner. Units can be sold either furnished or vacant, offering flexibility to meet the needs of potential landlords/tenants, currently all 8 units are furnished. Significant renovations were completed approximately 6 years ago; including new HVAC systems, energy-efficient windows, fresh landscaping, updated entry doors, sliding doors, deck railings, and a variety of cosmetic improvements throughout the building. Roof is approx 8 years old, per Seller at their time of purchase. With its prime location and well-maintained features, this apartment complex presents a lucrative investment opportunity in one of Kansas City's most sought-after neighborhoods. Seller's intention is to continue to lease the basement/laundry if new Buyer is open to the idea at a rate of $1,000 per month. All projections of income and expenses are approximations; new owner/operator to confirm their Proforma numbers based on how they plan to utilize property. Seller is currently working on filling units for lease at approximately $1,472-1,800 per month depending on furnishings. Questions? Call Andrea Wardell 816-806-9492.
Location
State MO
County Jackson
Zoning R-1.5
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Separate Meters
Roof Type Tar/Gravel
Building
Story 2
Sewer City/Public
Water Public
Structure Type Frame
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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