$2,200,000

Estimated payment $12,514/month

Total Views 7,907
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Deck
  • Stainless Steel Appliances
  • 13 Car Garage
  • No HOA
  • Central Air
  • 3-minute walk to Sheila Kemper Dietrich Park

About This Home

Exceptional Investment Opportunity – Call Listing agent about possible Loan Assumption with Fannie Mae. Unlock immediate value with this rare 12-unit multifamily asset in the highly desirable Union Hill neighborhood and potential strong LTV loan assumption through Fannie Mae. This is a turnkey investment with stabilized cash flow, significant upside potential, and a premium financing structure in place.The property features a standout 4-bedroom, 3-bathroom penthouse—ideal for an owner-occupant or executive rental. All units were fully renovated in 2019, boasting modern kitchens, updated baths, refinished hardwood flooring, and stainless steel appliances. Major capital improvements have been completed, including a full roof replacement in 2017, HVAC systems updated between 2012–2025, and extensive tuckpointing—offering peace of mind for years to come.Investors will appreciate the property's strong location and tenant demand, positioned within walking distance to the KC Streetcar, Children’s Mercy, UMKC Medical School, University Health, Crown Center, and other key employment hubs. Additional highlights include 12 off-street parking spaces, one garage space, and an on-site office with a full bath—perfect for property management or conversion to additional income-producing space.Rents remain under market, with a clear path to increase \$100–\$200 per unit with no additional capital expenditure. This is a high-performing asset with both immediate yield and long-term growth potential—perfect for the seasoned investor looking to acquire in a core Kansas City submarket with leverage rarely available in today’s interest rate environment.

Listing Agent

Andrew Clemons

Osborn Real Estate Brokerage Phone: 913-220-0728 License #2014025127 Listed on: 06/20/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,628

Year Built

  • Built in 1913

Home Design

  • Brick Exterior Construction
  • Stone Frame

Interior Spaces

  • 3-Story Property
  • Washer
  • Basement

Kitchen

  • Gas Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Parking

  • 13 Car Garage
  • Off-Street Parking

Utilities

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

Additional Features

  • Deck
  • 7,230 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 29-810-12-02-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Union Hill Subdivision

Building Details

  • Gross Income $213,480

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,628

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1913
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Andrew Clemons
  • List Office Mls Id: HMSOSRE
  • List Office Name: Osborn Real Estate
  • List Office Phone: 816-809-8430
  • Mls Status: Active
  • Operating Expense: 57404
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Tax Total Amount: 5628
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 913-220-0728
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Gas Range, Stainless Steel Appliance(s), Washer
  • Basement: Yes
  • Laundry Features: Inside
  • Stories: 3

Exterior Features

  • Roof: Other
  • Construction Materials: Brick, Brick/Mortar, Stone & Frame
  • Patio And Porch Features: Deck, Covered

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage, Off Street, Paved
  • Total Parking Spaces: 13

Utilities

  • Cooling: Electric
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cent Water Heater, Ind Heat And Air, Multi-Unit Heat/Air, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Owner Manager

Association/Amenities

  • Association: No

Fee Information

  • Deposit: First American

Schools

  • Junior High Dist: Kansas City Mo

Lot Info

  • Zoning: Multi
  • Lot Size Area: 7230
  • Lot Size Sq Ft: 7230
  • Parcel Number: 29-810-12-02-00-0-00-000
  • Subdivision Name: Union Hill
  • In Flood Plain: No

Building Info

  • Number of Units Total: 12

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 213480
  • Current Occupancy Rate: Over 95%
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 5628
  • Tax Abatement YN: 0

Map

Range of Values:

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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
06/20/2025 06/20/25 For Sale $2,200,000 -- --
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2557974

Heartland MLS