Ranum Properties Portfolio

Scattered Site (Midtown) Kansas City Missouri

For Sale
  • $2,400,000

Description

Multiple Properties For Sale!

Kansas City, Detroit and other Midwest housing markets are seeing rents rise faster in percentage terms than what Boston, Seattle and other “hot” coastal cities are recording, an analysis of nearly 900 locales shows.
Property 1: 1115-17, 1119-21 West 40th St, Kansas City, MO 64111

A 12 plex comprised of two 6 plexes located less than a mile from KU Med and positioned beside the 39th Street corridor where neighborhood eateries and bars provide convenient places for residents to gather. These historic buildings are ripe for renovations such as exposing hardwoods and brick walls, adding washers and dryers, and updating kitchens and baths. Unit layouts are spacious and familiar in these Midtown Neighborhoods. Some off street parking is available.

  • Asking Price: $660,000
  • Price/Unit: $55,000
  • Units: (12) 1 BR’s
  • Unit Size: 700SF
  • Property Tax: $3,710
  • Year Built: 1920’s
  • Parking: Off Street
  • Acres: .15

Property 2: 959 West 42nd, Kansas City, MO 64111

This 9 unit apartment building is comprised of (9) 2BR units, centrally located between KU Med, Westport and The Plaza. Built in the 70’s this building has strong mechanicals, making a value add approach possible focusing primarily on cosmetic upgrades. Current rents are below market and could be raised $150-$200 per month “as is.”

  • Asking Price: $715,000
  • Price/Unit: $79,000
  • Units: (9) 2 BR’s
  • Unit Size: 900 SF
  • Property Tax: $4,615
  • Year Built: 1974
  • Parking: Off Street 1:1 Plus
  • Acres: .31

Property 3: 3925 Clark Avenue, Kansas City, MO 64111 (Under Contract)

This 10 unit apartment building, made up of (10) 2 BR units. Located less than a mile from KU Med and nestled right beside the 39th Street Corridor puts this property in high demand for students and young professionals. Not only does this property have off street parking but it boasts a unique amenity with 4 private garages for tenants to secure their vehicles while also providing extra storage.

  • Asking Price: $865,000
  • Price/Unit: $86,000
  • Units: (10) 2 BR’s
  • Unit Size: 900 SF
  • Property Tax: $4,548
  • Year Built: 1960’s
  • Parking: Off Street Parking & 4 Private Garages
  • Acres: .23 

Property 4: 4335 Holly St. Kansas City, MO 64111

4335 Holly provides spacious 1 BR units with open floor plans. Updates include an electrical upgrade and updated kitchen. This duplex is in walking distance of The Plaza, Kansas City’s premier shopping hot spot, and entertainment district. Rent Increase opportunity in the current condition and greatest potential for minor upgrades. Four parking spaces available in the rest of the property.

  • Asking Price: $175,000
  • $87,750
  • Units: 2 (1BR’s)
  • Unit Size:  710 SF/970 SF
  • Property Tax: $1,571
  • Year Built: 1917
  • Parking: 1:1 Plus
  • Acres: .11

Property 5: 9317 Reeder, Overland Park, KS 66214

Four units in a great Overland Park neighborhood near Oak Park Mall. Livability named Overland Park within the top 10 of it’s list of 100 Best Places to Live in 2017, based on great schools, low crime, shopping and restaurant options, healthcare access and a strong job market.

  • Asking Price: $405,000
  • Price/Unit: $102,250
  • Units: 4 (2BR’s)
  • Unit Size: 1000 SF
  • Property Tax: $3,401
  • Year Built: 1960’s
  • Parking: 4 Car Garage
  • Acres: .18

For More Information, Please Contact:

Details

Price: $2,400,000
Address:Scattered Site (Midtown)
City:Kansas City
State:Missouri
Zip Code:64111

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