
Seller's Agent in 2024
Alex Olson
Legendary Apartment Brokers
(816) 591-0825
3 in this area
26 Total Sales
Estimated Value: $3,300,000
40 units. 38 are 1BR 1BA, 2 are 2BR 1BA. This is an as-is 7% cap rate with proven ability to hit a 9% cap. Exceptionally high occupancy history, well maintained and professionally operated. This is a GEM that you need to see. Each one bedroom unit is very spacious (see photos and tours) with many upgrades and modern finishes. Every unit has it's own exterior access - reducing owner expenses (hallway CAM) and gives tenants sense of privacy (stay longer, rent faster). A beautiful pool attracts great rents and great tenants. All units have modern comfort of central heating and cooling with many updated heating and cooling elements. Located next to University of Saint Mary, VA Medical Center, region's hospital, and all major retailers and job centers for the county. Sandwiched between Leavenworth and Lansing and just north of downtown KC, this is a exceptional asset that is easy to operate and gives any new ownership group in place cash flow. Upgrade units by adding washer and dryer in unit to get top of market rents, finish remaining units to more high end finishes. Sell off parcels over time, build additional units, or keep for long term wealth. Includes 69 Ash, 59 ash and the Wilson properties (8 total parcels). 59 ash is a vacant lot zoned residential - build additional units, a house to flip or maintain for resident privacy.
Last Agent to Sell the Property
Legendary Apartment Brokers Brokerage Phone: 816-591-0825 License #2019043249 Listed on: 07/18/2024
Last Buyer's Agent
Legendary Apartment Brokers Brokerage Phone: 816-591-0825 License #2019043249 Listed on: 07/18/2024
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
10/18/2024 10/18/24 | Sold | -- | -- | -- |
10/15/2024 10/15/24 | Pending | -- | -- | -- |
07/18/2024 07/18/24 | For Sale | $3,300,000 | -- | -- |
Seller's Agent in 2024
Alex Olson
Legendary Apartment Brokers
(816) 591-0825
3 in this area
26 Total Sales
Source: Heartland MLS
MLS Number: 2499234