$2,230,000
$1M PRICE INCREASE

Estimated payment $12,615/month

Total Views 1,694
-- Bed
-- Bath
20,856 Sq Ft
$107 Price per Sq Ft

Highlights

  • 15,111 Sq Ft lot
  • No HOA
  • Central Air

About This Home

Explore a stable investment opportunity with the Burge Park Apartments, two 12-unit properties featuring large 1-bed/1-bath units, each with an extra office/den for versatile living. Built with durability in mind, these buildings offer newer windows, electrical service, plumbing, and 4-year-old TPO roofs. All units are fully occupied by veterans through a voucher program, ensuring reliable income. Every unit has central heat and air and its own gas water heater. Finishes are older but functional, offering room for future cosmetic enhancements. Tenants pay gas and electric with separate meters, while the landlord pays water and trash. Strategically located in a dynamic Kansas City submarket, this property provides easy access to the entire Kansas City Metro. Carolina Apartments delivers immediate cash flow and value-add potential through future updates as the neighborhood changes, ideal for investors seeking reliable returns in a growing area.

Listing Agent

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 11/03/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,326

Year Built

  • Built in 1910

Lot Details

  • 0.35 Acre Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Synthetic Roof

Interior Spaces

  • 20,856 Sq Ft Home
  • 3-Story Property
  • Basement

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 13-820-21-06-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 24 Units
  • Burge Park Subdivision

Building Details

  • Gross Income $347,040

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,326

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1910
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Active
  • Operating Expense: 10326
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Package: Optional
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Stories: 3

Exterior Features

  • Roof: Synthetic
  • Construction Materials: Brick

Garage/Parking

  • Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: City/Public - Verify

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Senior Community: No
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: First American Title

Schools

  • Junior High Dist: Kansas City Mo

Lot Info

  • Zoning: MF
  • Building Area Total: 20856
  • Lot Size Sq Ft: 15111
  • Parcel Number: 13-820-21-06-00-0-00-000
  • Subdivision Name: Burge Park
  • In Flood Plain: No

Building Info

  • Number of Units Total: 24

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 347040
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 10326
  • Tax Abatement YN: 0

Map

Range of Values:

Collateral Analytics

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2025 11/12/25 Price Changed $2,230,000 +100.0% $107 / Sq Ft
11/03/2025 11/03/25 For Sale $1,115,000 -- $53 / Sq Ft
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2576978

Heartland MLS