$2,950,000
SOLD SEP 25, 2024
Last list price
-- Bed
-- Bath
37,392 Sq Ft
2.42 Acres

Recently Sold

$79 Per Sq Ft

63 Days on Market

Highlights

  • 105,415 Sq Ft lot
  • No HOA
  • Forced Air Heating System

About This Home

As of September 2024

Introducing the Wyandotte Apartments, a garden-style complex centrally located in the heart of Kansas City, Kansas. Originally built in 1944 these six solid brick buildings each contain eight units with an even mix of two and one bedrooms. The current ownership has renovated only 10 of the units leaving significant upside potential. The majority of the leases are MTM or with under 6 months remaining, leaving the opportunity to turn units and increase rent roll.
Each spacious unit features built-in storage, ceiling fans, and all-electric kitchens. The ten recently renovated units were upgraded with new paint, updated flooring, new ceiling fans and light fixtures, and new appliances. Currently, the buildings have central heat and window AC they are also master metered for gas and water. The owners currently charge a utility fees on some of the units but the utility billback program could be expanded significantly for additional income. These properties are desirable for voucher or market-rate tenants alike. The Wyandotte Apartments location is central to all of Kansas City’s attractions but with a walkable park-like feel. Located along two major along bus lines and near freeways and within only two miles of some of the region’s largest employers. Nearby Greenspace including Kensington Park, Clifton Park and Westheight Park.

***Group tour this Thursday June 6th at 2pm***

Last Agent to Sell the Property

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 06/02/2024

Last Buyer's Agent

Gobar Biswa

Kansas City Regional Homes Inc License #SP00239750

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $28,572

Year Built

  • Built in 1944

Lot Details

  • 2.42 Acre Lot

Home Design

  • Composition Roof

Interior Spaces

  • 37,392 Sq Ft Home
  • 2-Story Property

Parking

  • Paved Parking
  • Off-Site Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 055100
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 48 Units

Building Details

  • Gross Income $486,720

Property Details

Home Type

Apartment

Est. Annual Taxes

$28,572

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1944
  • 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: Sold
  • Operating Expense: 28572
  • Age Description: 76-100 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 28572
  • Value Range Pricing YN: 1
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: Yes
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer, Concrete

Garage/Parking

  • Garage: No
  • Parking Features: Off Site, Paved

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: No
  • Water Source: City/Public - Verify

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: First American Title

Schools

  • Junior High Dist: Kansas City Ks

Lot Info

  • Zoning: R
  • Building Area Total: 37392
  • Lot Size Area: 105415
  • Lot Size Sq Ft: 105415
  • Parcel Number: 055100
  • Subdivision Name: Other
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 48

Rental Info

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

Multi Family

  • Gross Income: 486720
  • Current Occupancy Rate: 80-90%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 28572
  • Tax Abatement YN: 0

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
12/04/2024 12/04/24 Off Market -- -- --
09/25/2024 09/25/24 Sold -- -- --
07/23/2024 07/23/24 Price Changed $795 0.0% $1 / Sq Ft
07/19/2024 07/19/24 Price Changed $2,950,000 0.0% $79 / Sq Ft
06/03/2024 06/03/24 Price Changed $795 0.0% $1 / Sq Ft
06/02/2024 06/02/24 For Sale $3,100,000 0.0% $83 / Sq Ft
05/30/2024 05/30/24 Price Changed $795 0.0% $1 / Sq Ft
04/05/2024 04/05/24 Price Changed $795 0.0% $1 / Sq Ft
04/05/2024 04/05/24 For Rent $795 +5.3% --
11/16/2023 11/16/23 Price Changed $755 0.0% $1 / Sq Ft
09/28/2023 09/28/23 Price Changed $755 0.0% $1 / Sq Ft
09/27/2023 09/27/23 Price Changed $755 0.0% $1 / Sq Ft
09/25/2023 09/25/23 Price Changed $755 0.0% $1 / Sq Ft
09/24/2023 09/24/23 Price Changed $755 0.0% $1 / Sq Ft
09/23/2023 09/23/23 Price Changed $755 0.0% $1 / Sq Ft
09/22/2023 09/22/23 Price Changed $755 0.0% $1 / Sq Ft
09/20/2023 09/20/23 Price Changed $755 0.0% $1 / Sq Ft
09/18/2023 09/18/23 Price Changed $755 0.0% $1 / Sq Ft
09/16/2023 09/16/23 Price Changed $755 0.0% $1 / Sq Ft
09/14/2023 09/14/23 Price Changed $755 0.0% $1 / Sq Ft
09/10/2023 09/10/23 Price Changed $755 0.0% $1 / Sq Ft
09/09/2023 09/09/23 Price Changed $755 0.0% $1 / Sq Ft
09/03/2023 09/03/23 Price Changed $755 0.0% $1 / Sq Ft
08/31/2023 08/31/23 Price Changed $755 0.0% $1 / Sq Ft
08/26/2023 08/26/23 Price Changed $755 0.0% $1 / Sq Ft
08/24/2023 08/24/23 Price Changed $755 0.0% $1 / Sq Ft
08/23/2023 08/23/23 Price Changed $755 0.0% $1 / Sq Ft
08/22/2023 08/22/23 Price Changed $755 0.0% $1 / Sq Ft
08/17/2023 08/17/23 Price Changed $755 0.0% $1 / Sq Ft
08/15/2023 08/15/23 Price Changed $755 0.0% $1 / Sq Ft
08/11/2023 08/11/23 Price Changed $755 0.0% $1 / Sq Ft
08/10/2023 08/10/23 Price Changed $755 0.0% $1 / Sq Ft
08/08/2023 08/08/23 Price Changed $755 0.0% $1 / Sq Ft
08/08/2023 08/08/23 For Rent $755 0.0% --
07/30/2023 07/30/23 Price Changed $755 0.0% $1 / Sq Ft
07/29/2023 07/29/23 Price Changed $755 0.0% $1 / Sq Ft
07/20/2023 07/20/23 Price Changed $755 0.0% $1 / Sq Ft
07/14/2023 07/14/23 Price Changed $755 0.0% $1 / Sq Ft
07/12/2023 07/12/23 Price Changed $755 0.0% $1 / Sq Ft
07/11/2023 07/11/23 Price Changed $755 0.0% $1 / Sq Ft
07/09/2023 07/09/23 Price Changed $755 0.0% $1 / Sq Ft
07/08/2023 07/08/23 Price Changed $755 0.0% $1 / Sq Ft
07/04/2023 07/04/23 Price Changed $755 0.0% $1 / Sq Ft
07/02/2023 07/02/23 Price Changed $755 0.0% $1 / Sq Ft
06/30/2023 06/30/23 Price Changed $755 -6.8% $1 / Sq Ft
06/24/2023 06/24/23 Price Changed $810 0.0% $1 / Sq Ft
06/24/2023 06/24/23 For Rent -- -- --
06/19/2023 06/19/23 For Rent $810 0.0% --
04/14/2023 04/14/23 Price Changed $810 -- $1 / Sq Ft
03/01/2023 03/01/23 For Rent -- -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2489777

Heartland MLS

APN: 055100