Seller's Agent in 2025
Brice Bradshaw
Compass Realty Group
(913) 375-3850
1 in this area
29 Total Sales
Estimated Value: $285,000 - $1,327,573
The subject property is a 3-story walk-up apartment complex constructed in 1924 with a brick veneer exterior and 5 off-street parking spaces located at the rear of the building – new asphalt overlay 2024. The complex is comprised of 20 studio units. The studios consist of four floorplans with approximate sizes of 600sf, 550sf, 400sf and 350sf. Each apartment unit is accessed via common entrances on the front or rear of the building. The front (south) entrance provides access to the front 6 units, while the rear (north) entrance provides access to the remaining 14 units. The front and back stairwells are fully enclosed and provide access to the 2nd and 3rd floors. All utilities are included with rent, therefore the landlord is responsible for gas, electric, water, sewer and trash while tenants pay a monthly flat $50 RUBS fee. The building has a gas-fired boiler heating system, a common water meter, and the units are not separately metered for gas or electric.
All studio units at Franklin feature a variation of dark hardwood, carpet or vinyl flooring with window air conditioning units, radiator/boiler heat, ceiling fans, wood cabinets, stainless steel sinks, electric ranges, refrigerators, and shower/tubs. Many units are partitioned into a living room/bedroom, kitchen and bathroom. The floor plan of the above-grade units is identical or mirror image, while basement units are slightly different floor plans with similar layouts. 90% of units have experienced full unit turns with improved make-readies presenting a more uniform product. The full basement at Franklin includes a studio unit, laundry room, mechanical closet, and several storage rooms, and is accessed via the interior staircase. The basement laundry room contains two coin-operated laundry machines (Jetz lease). The Franklin apartments features both a newer roof (2022) and newer windows (2021) and is scheduled to complete new concrete stairs leading to the common area balcony/porch.
Last Agent to Sell the Property
Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 05/13/2025
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| G1 Real Estate 006 Llc | -- | National Secured Title | |
| Liberty Square Apartments Llc | -- | None Available | |
| Franklin Street Llc | -- | None Available | |
| Western Reach Real Estate Fund Llc | -- | Thomson Affinity Title Llc | |
| Boyd Hoffman Patricia E | -- | Secured Title Of Kc | |
| Plp Investments Llc | -- | None Available | |
| Hoffman Patricia E | -- | Source One Title Llc | |
| Hoffman Patricia E | -- | Source One Title Llc |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Liberty Square Apartments Llc | $592,500 | |
| Previous Owner | Franklin Street Llc | $424,500 | |
| Previous Owner | Western Reach Real Estate Fund Llc | $412,500 | |
| Previous Owner | Hoffman Patricia E | $421,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | -- | -- | -- | |
| 07/15/2025 07/15/25 | Pending | -- | -- | -- | |
| 07/07/2025 07/07/25 | Price Changed | $1,400,000 | -6.7% | -- | |
| 05/13/2025 05/13/25 | For Sale | $1,500,000 | +154.2% | -- | |
| 08/28/2015 08/28/15 | Sold | -- | -- | -- | View Prior Sale |
| 07/08/2015 07/08/15 | Pending | -- | -- | -- | |
| 03/20/2015 03/20/15 | For Sale | $590,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,465 | $188,010 | -- | -- |
| 2024 | $13,465 | $175,070 | -- | -- |
| 2023 | $13,693 | $175,070 | $0 | $0 |
| 2022 | $11,605 | $146,490 | $0 | $0 |
| 2021 | $11,514 | $146,489 | $4,522 | $141,967 |
| 2020 | $6,031 | $72,050 | $0 | $0 |
| 2019 | $6,030 | $72,050 | $0 | $0 |
| 2018 | $5,103 | $59,870 | $0 | $0 |
| 2017 | $4,893 | $59,860 | $7,500 | $52,360 |
| 2016 | $4,893 | $57,940 | $7,500 | $50,440 |
| 2015 | $4,894 | $57,940 | $7,500 | $50,440 |
| 2014 | $4,933 | $57,940 | $7,500 | $50,440 |
Seller's Agent in 2025
Brice Bradshaw
Compass Realty Group
(913) 375-3850
1 in this area
29 Total Sales
Seller Co-Listing Agent in 2025
Parker Beck
Compass Realty Group
(913) 375-3850
1 in this area
29 Total Sales
S
Buyer's Agent in 2025
Scott Sharpe
Platinum Realty LLC
(913) 406-6921
1 in this area
10 Total Sales
Source: Heartland MLS
MLS Number: 2549267
APN: 15-114-00-02-023.00