Property Attributes
- MLS#2483418
- TypePending
- CountyJACKSON
- CityKansas City
- Area202 - Kansas City Area
- NeighborhoodWest Plaza
- Zip64111
- Style
- Year Built1967
- Taxes$ 10588
- Price$ 1,488,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.246097 Acres
Data Source:
Heartland MLS (HMLS)
Property Description
Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies, newer exterior paint/lighting/siding, and parking lot at the rear providing tenants 8 off-street spaces. The 12 units at the building consists of (2) one-bedroom units and (10) two-bedroom units. The property’s location is anchored by the Country Club Plaza and Westport as well as universities (UMKC, Art Institute, Metropolitan CC), hospitals (KU Med & St. Luke's), local shops/restaurants and businesses. Over the last 10 years, ownership has completed capital expenditures including decks/railings, sliding glass doors and vinyl windows, newer roof and mansard repairs, new concrete sidewalk/stairs, and updates to landscaping. All units at the property have central air, spacious floorplans, Google Fiber, balconies/patios, ample closet space, fully equipped kitchens with stainless appliances, updated flooring, updated bathroom and individual storage lockers. Select units feature decorative fireplaces and in-unit washer/dryer (2). 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 two 1-bedroom units are on a master meter. The building is partially broker-owned and has 3rd party management in place. At the start of April, owner procured a new trash contract and implemented a water savings program/equipment to help reduce water expenses. 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. Buyer’s looking for greater scale can package this property with 4033 Oak (MLS 2483405), a 14-unit complex in Southmoreland owned/operated by the same partnership.
Price History | |
---|---|
4/16/2024 | Listed $1,560,000 |
5/9/2024 | 5% - $1,488,000 |
General Features
Sewer | City/Public |
---|---|
Heating | Forced Air |
Cooling | Electric |
Utilities | Cent Water Heater,Separate Meters |
Roof | Synthetic |
Zoning | R-1.5 |
Construction Materials | Brick Veneer,Wood Siding |
Year Built | 1967 |
Property SubType | Apartment |
Assoc Fee Paid Per | None |
County | Jackson |
Property Type | Residential Income |
HOA / Comm Assn | No |
Subdivision Name | West Plaza |
Garage Y/N | No |
Status | Pending |
Directions | From the North take 169 HWY South to I-35 hwy,take exit 1A to Southwest Trafficway,continue South to 46th Street and turn right,Immediately turn right again on Jarboe,home is on the right. |
City | Kansas City |
High School District | Kansas City Mo |
NumberOfUnitsTotal | 12 |
MLS Area | 202 - Kansas City Area (So. of River) |
Lot Size Units | Square Feet |
Lot Size Square Feet | 10720 |
Listing Terms | Cash,Conventional,1031 Exchange |
Public Remarks | Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies,newer exterior paint/lighting/siding,and parking lot at the re |
Virtual Tour | https://media.clappphotographyrealestate.com/videos/018e9b3e-8996-72aa-9233-bad126ada496 |
Standard Status | Pending |
In Flood Plain | No |
HMS_MaintenanceProvidedYN | No |
Interior Features
Total Stories | 3 |
---|---|
Basement (Y/N) | No |
Air Conditioning Y/N | Yes |
Unit Type | 1 Bedroom,2 Bedroom |
Exterior Features
Parking Features | Off Site |
---|---|
Water Source | Public |
Total Parking | 8 |
Lot Size Area | 10720 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool