12 Unit Multi-Family Portfolio in Midtown

819/823 E 42nd St Kansas City Missouri

For Sale
  • $765,000
  • Land: .2 Acres

Description

Highlights Include:

  • Proven Asset: The subject property that makes up what is known as Hyde Park Apartments is next door to two sister buildings with identical layouts that are achieving $800 per month after renovations.
  • Great Occupancy: Midtown is experiencing high demand for small unit sizes; such as 1 Bedrooms & Studios. The sister 6 plexes next door performed at 100% occupancy in the last 6 months.
  • Compelling location: Two 6 plexes located in Manheim Park, Midtown Kansas City, MO.
  • 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 o movement to the urban core with rental rates at historical highs.

Asking Price: $765,000

Price/Unit: $63,750

Units: (2) 6 Plex – 1 BD (12)

Property Tax: $2,778

Year Built: 1920

Parking: Off-Street

Acres: .2

Details

Price: $765,000
Address:819/823 E 42nd St
City:Kansas City
State:Missouri
Zip Code:64110
Property Type:Mutli-Family Portfoilo
Year Built:1920
Floors:3
Lot Size:.2 Acres

Location Map

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