$427,500
SOLD DEC 10, 2024
Last list price
-- Bed
-- Bath
-- Sq Ft
10,019 Sq Ft Lot

Recently Sold

90 Days on Market

Highlights

  • 10,019 Sq Ft lot
  • No HOA
  • Utility Room

About This Home

As of December 2024

**Seller Financing Available** 100% occupied six-unit building with a favorable price-to-rent ratio! The Kensington Apartments complex was originally built in 1966 and has been well-maintained since.

This small apartment complex is located just outside downtown Kansas City, Kansas with easy access to freeways, shopping, and parks. Each unit features a spacious living room with a patio, a functional kitchen, an oversized bathroom, and bedroom with a patio. Residents enjoy the convenience of dedicated off-street parking located behind the building. Income upside from adding on site laundry and get all units to market rent. This stabilized property offers a solid investment with potential for increased revenue in the future.

Last Agent to Sell the Property

Lee Ripma

Lutz Sales + Investments Brokerage Phone: 816-866-8322 License #2021021630 Listed on: 07/26/2024

Last Buyer's Agent

Non MLS

Non-MLS Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,843

Year Built

  • Built in 1966

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 3-Story Property
  • Utility Room
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Frances Willard Elementary School
  • Wyandotte High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 057204
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Haskell/Mrtns Subdivision

Building Details

  • Gross Income $54,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,843

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1966
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Lee Ripma
  • Listing Service: Full Service
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Sold
  • Operating Expense: 4843
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 4843
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: No
  • Attribution Contact: 816-866-8322
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Individual Storage
  • Basement: No
  • Laundry Features: Utility Room
  • Stories: 3

Exterior Features

  • Roof: Tar/Gravel
  • Construction Materials: Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Cooling: Window Unit(s)
  • Heating: Natural Gas
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Ind Heat And Air, Separate Meters
  • Cooling: No
  • Security Features: Smoke Detector(s)
  • Water Source: Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Accurate Title

Schools

  • Middle/Junior School: Central
  • Junior High Dist: Kansas City Ks

Lot Info

  • Zoning: R
  • Lot Size Area: 10019
  • Lot Size Sq Ft: 10019
  • Parcel Number: 057204
  • Subdivision Name: Haskell/Mrtns
  • ResoLotSizeUnits: SquareFeet
  • In Flood Plain: No

Building Info

  • Number of Units Total: 6

Rental Info

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

Multi Family

  • Gross Income: 54000
  • Current Occupancy Rate: Over 95%
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 4843
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Frances Willard
  • High School: Wyandotte

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
12/10/2024 12/10/24 Sold -- -- --
08/14/2024 08/14/24 Price Changed $427,500 -0.3% --
07/27/2024 07/27/24 For Sale $429,000 -- --
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: 2500904

Heartland MLS