Price Undisclosed
SOLD DEC 27, 2024
-- Bed
-- Bath
29,220 Sq Ft
1.24 Acres

Recently Sold

$102 Per Sq Ft

35 Days on Market

Highlights

  • 54,014 Sq Ft lot
  • Window Unit Cooling System
  • Secure Parking
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of December 2024

Located in the historic Troostwood neighborhood of Kansas City, Missouri, University Meadows is a stately 52-unit fenced complex sitting on over an acre of land. The complex's location is anchored by both the University of Missouri-Kansas City and Rockhurst University campuses which neighbor the property to the west and south. University Meadows is comprised of three buildings, two 8-plexes and one 36-unit building, and are classified as condominiums with each individual unit having its own tax record. A gated parking lot with new asphalt sealant is available at the rear of 4840 Paseo building providing residents 21 spaces. The buildings stand 3-stories with brick veneer exteriors, newer vinyl windows and a designated office (4822-1BR unit) with on-site management. Three laundry care centers (Jetz lease) and 12 total storage lockers are provided across basements at the complex. The grounds and landscaping have been meticulously cared for providing tenants excellent greenspace for pets. The buildings are separately metered for gas/electric with common water/hot water in 16 units and individual hot water heaters in 36 units.
University Meadows consist of 12 studio units with an approximate size of 400 square-feet. The 1-bedroom units consist of two floorplans, 16 with an approximate size of 530 square-feet and 24 with an approximate size of 520 square-feet. All studio units are on the ground floor of the 4840 building. 16 units (4822 building & 4838 building) have central air while the other 36 (4840 building) are cooled with window units. The 4840 building (36 units) possess individual hot water heater and new panel boxes. All building entrances, stairwells, hallways and common areas have been updated and all units are provided Google Fiber. Units feature functional floorplans, hardwood or tile flooring (studios), good closet space, gas stoves, tubs/baths and utility closets. The property has a history of high occupancy with excellent 3rd party management in place.

Last Agent to Sell the Property

Brice Bradshaw

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 08/23/2024

Compass Realty Group

Co-Listed By

Parker Beck

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00238832

Last Buyer's Agent

Brice Bradshaw

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 08/23/2024

Compass Realty Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $22,132

Year Built

  • Built in 1953

Lot Details

  • 1.24 Acre Lot

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 29,220 Sq Ft Home
  • 3-Story Property
  • Basement

Parking

  • 21 Parking Spaces
  • Off-Site Parking
  • Secure Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 30-630-09-05-00-0-01-003
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 52 Units

Building Details

  • Gross Income $418,504

Property Details

Home Type

Apartment

Est. Annual Taxes

$22,132

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1953
  • Co List Office Mls Id: HMSCMLC
  • Co List Office Name: Compass Realty Group
  • Co List Office Phone: 816-280-2773
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Brice Bradshaw
  • List Office Mls Id: HMSCMLC
  • List Office Name: Compass Realty Group
  • List Office Phone: 816-280-2773
  • Mls Status: Sold
  • Operating Expense: 243929
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 22132
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Phone Other: 913-375-3850
  • Package: No
  • Attribution Contact: 913-219-7074
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick Veneer, Concrete, Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Site, Secured
  • Total Parking Spaces: 21

Utilities

  • Cooling: Electric, Window Unit(s)
  • Heating: Forced Air
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

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

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Chicago Title

Schools

  • Junior High Dist: Kansas City Mo

Lot Info

  • Zoning: R-1.5
  • Building Area Total: 29220
  • Lot Size Area: 1.24
  • Lot Size Sq Ft: 54014.4
  • Parcel Number: 30-630-09-05-00-0-01-003
  • Subdivision Name: Other
  • ResoLotSizeUnits: Acres
  • In Flood Plain: No

Building Info

  • Number of Units Total: 52

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 418504
  • Current Occupancy Rate: 90-95%
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 22132
  • Tax Abatement YN: 0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/27/2024 12/27/24 Sold -- -- --
09/27/2024 09/27/24 Pending -- -- --
08/23/2024 08/23/24 For Sale $2,975,000 -- $102 / Sq Ft
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Heartland MLS

MLS Number: 2506413

Heartland MLS