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0.76 Acres Lot
0.76 Acres Lot
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Hyde Park North
MLS Listing ID 2638772
Year Built 1926
Annual Tax Amount $14,537
Lot Size 0.765 Acres
Acres 0.7645546
Property Sub-Type Apartment
Source hmls
Property Description
The building offers 24 studios and 19 one-bedroom residences, unit types that rent up well in this walkable location so close to transit and in the heart of the City. All capital expenses have been done including roof, electrical, and windows. The property currently boasts a high in place cap rate along with future upside in rental rates.
Adding to the investment appeal is exceptionally attractive assumable financing at a 3.22% interest rate, providing a rare opportunity to acquire a well-located Midtown asset with both immediate cash-flow and long-term value creation.
The assumable 3.22% loan maturing in 2031 offers a substantial cash-flow advantage to originating new debt in 2026. The 31st St/Union Hill KC Streetcar stop has been open for nearly a year — connecting residents car-free to Downtown, Crossroads, Crown Center, Midtown, Westport, the Plaza, and UMKC. Studios and compact one-bedrooms rent perfectly to the urban tenant this location attracts.
Location
State MO
County Jackson
Zoning R4
Interior
Heating Forced Air
Cooling None
Fireplace N
Exterior
Parking Features false
Utilities Available Other
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar,Stone Trim
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
chris@munkelrealestatesolutions.com
10895 Lowell Ave suite 100, Overland Park, KS 66210, USA