12 Unit Multi-Family Portfolio in Midtown KC

16 E 34th Terrace Kansas City Missouri

Sold
  • $720,000
  • Land: .26 Acres

Description

Highlights:

Compelling Location: A 12 unit building in a prime location where significant development is underway and rental rates continue to climb. The location is along a proposed Streetcar expansion line.

Directly across the street from a MAC Properties 39 unit luxury apartment building with retail on the terrace level securing the location for market rate and luxury tenants.

Immediate Value-Add: Near term value-add opportunity through correction of deferred maintenance, landscaping and unit makeover to achieve rent increase.

Favorable Investment Climate: The Kansas City Metro Multi-Family Market is experiencing an influx of movement to the urban core with rental rates at historical highs.

For more Information, Please Contact:

Richard Redding

Phone: (434) 465-0265

E-Mail: richard@clemonsrealestate.com

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Details

Price: $720,000
Address:16 E 34th Terrace
City:Kansas City
State:Missouri
Zip Code:64012
Property Type:Residential
Year Built:1960's
Floors:3
Lot Size:.26 Acres

Location Map

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