$299,000
UNDER CONTRACT $50K PRICE DROP

3 Mcgrew Grove Kansas City, KS 66101

Estimated payment $1,865/month

Total Views 14,427
-- Bed
17 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 11,761 Sq Ft lot
  • No HOA
  • Storm Windows
  • Deck
  • Porch
  • Central Air

About This Home

Turnkey 5-Unit Investment Property – Zoned Small Apartment | Kansas City, KS |

Fully occupied and generating $5,730/month in gross rent, this stabilized small apartment is ready for a new investor to step in and cash flow from day one.

The current owner has brought all five units to market rent or better — turning over the property with improved tenant profiles and refreshed interiors. The layout includes one 2-bedroom unit and four 1-bedroom, 1-bath units, each with original hardwood floors, charming trim, and cosmetic updates made within the past 5–10 years. All units are functional, clean, and tenant-occupied.

The basement offers value-add potential with a partially finished sixth unit featuring a half bath already in place, shower plumbing stubbed, original fireplace, walk-up entrance, shared laundry access, and an attached garage. Once completed, this space could add 600+ square feet of rentable area.

Owner currently pays all utilities. Current rents include off-street parking and shared laundry access — there is also a garage and storage shed being used by owner, none of which are currently monetized, presenting future income opportunities!

Located on quiet, historic McGrew Grove just minutes from downtown KCK and major highways, this property sits in a convenient corridor with strong rental demand.

Showings available by appointment only with proof of funds.
Lease details and financials to be provided during due diligence after accepted offer.

Listing Agent

Maddy Morell

1st Class Real Estate KC Brokerage Phone: 816-750-5564 License #00246179 Listed on: 07/15/2025

1st Class Real Estate KC

Co-Listing Agent

Kia Robinson

1st Class Real Estate KC Brokerage Phone: 816-750-5564

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1930

Lot Details

  • 0.27 Acre Lot
  • Paved or Partially Paved Lot

Home Design

  • Composition Roof

Interior Spaces

  • 17 Bathrooms
  • 3-Story Property
  • Basement
  • Laundry in Basement
  • Storm Windows
  • Built-In Electric Oven

Parking

  • 5 Car Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Master Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 109509
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Mc Grew Grove Subdivision

Building Details

  • Gross Income $68,760

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,550

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1930
  • Co List Office Mls Id: HMSCREC
  • Co List Office Name: 1st Class Real Estate KC
  • Co List Office Phone: 816-919-0044
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Maddy Morell
  • List Office Mls Id: HMSCREC
  • List Office Name: 1st Class Real Estate KC
  • List Office Phone: 816-919-0044
  • Mls Status: Show For Backups
  • Operating Expense: 24495
  • Age Description: 76-100 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 2550
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Phone Other: 9137126811
  • Phone Other Type: Cell
  • Package: No
  • Attribution Contact: 816-750-5564
  • Special Features: UnderContract

Interior Features

  • Appliances: Microwave, Refrigerator, Built-In Electric Oven
  • Basement: Yes
  • Laundry Features: Central Laundry, In Basement
  • Stories: 3
  • Window Features: Storm Window(s)

Exterior Features

  • Roof: Composition
  • Construction Materials: Stucco & Frame
  • Patio And Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Garage, Off Street, Paved
  • Total Parking Spaces: 5

Utilities

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

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Other

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Superior Title & Escrow of KC

Schools

  • Junior High Dist: Kansas City Ks

Lot Info

  • Zoning: APT
  • Lot Size Area: 11761
  • Lot Size Sq Ft: 11761
  • Parcel Number: 109509
  • Subdivision Name: Mc Grew Grove
  • In Flood Plain: No

Building Info

  • Number of Units Total: 5

Rental Info

  • Existing Lease Terms: One Year Lease,Other

Multi Family

  • Gross Income: 68760
  • Current Occupancy Rate: Over 95%
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 2550
  • 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
07/25/2025 07/25/25 Price Changed $299,000 -14.3% --
07/15/2025 07/15/25 For Sale $349,000 -- --
Source: Heartland MLS

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Source: Heartland MLS

MLS Number: 2563333

Heartland MLS

APN: 109509