Brice Bradshaw
This listing was posted on RealtyWW.
$2,150,000
Home For Sale In Kansas City, Missouri
Price:
$2,150,000
BR/BA:
Studio
Location:
109 E 40th St, Kansas City, MO
Description:
Brentwood Plaza is a stately, low-rise 30-unit apartment complex situated just off Main Street in a historic neighborhood near the Nelson-Atkins Museum, the Kemper Museum of Contemporary Art and the Kansas City Art Institute. The brick exterior building stands 3-stories with newer vinyl windows, TPO roof and parking lot on the west side providing tenants 12 off-street spaces. The building is comprised of 18 studio units with an approximate unit size of 390 square-feet (+/-) and 12 1-bed/1-bath units with an approximate unit size of 465 square-feet (+/-). Built in 1924, the propertys location is anchored by the Arts District as well as universities, hospitals, local shops/restaurants and businesses. It is well positioned to take advantage of its location next to multiple stops on Main (39th, 43rd, and 45th) of the KC Streetcar Extension line. The extension starts in the Crossroads at Union Station and continues south to UMKC at 51st and will be completed in 2025. The building is currently owner-operated with a history of high occupancy. Current ownership acquired Brentwood in April of 2023 and has made significant progress in raising rents 25%+ through moderate make-readies, updates to the common area hallways/stairwells (paint, flooring and fixtures) and the implementation of utility fees to 80% of the units ($55). Other major expenditures include a 30th unit being put back into service (previously laundry room) with more modern finishes, a new sewer line section and updates to all plumbing valves. All units at the property have window units for cooling and radiator heat, mostly hardwood floors (some LVT), functional floorplans, good closet space, vinyl windows and keycode entry. The building is separately metered for electric and is on a common gas boiler.For more details: https://realtyww.info/homes_kansas-city-d523408/for-sale_i71087071
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More About this Listing: Home For Sale In Kansas City, Missouri
Home For Sale In Kansas City, Missouri is a Studio Single-Family Homes for Sale at 109 E 40th St in Kansas City MO. Find other listings like Home For Sale In Kansas City, Missouri and listings near 109 E 40th St by searching Oodle Classifieds for Studio Single-Family Homes for Sale in Kansas City MO.
Home For Sale In Kansas City, Missouri is a Studio Single-Family Homes for Sale at 109 E 40th St in Kansas City MO. Find other listings like Home For Sale In Kansas City, Missouri and listings near 109 E 40th St by searching Oodle Classifieds for Studio Single-Family Homes for Sale in Kansas City MO.