2733 Gillham Rd Kansas City, MO 64108
Longfellow NeighborhoodEstimated payment $12,514/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/20/2025 06/20/25 | For Sale | $2,200,000 | -- | -- |
Source: Heartland MLS
MLS Number: 2557974

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