115-119 W 39th Street

Kansas City, MO, 64111

$3,500,000

$3,500,000
Active
Active
 - For Sale
property_type
Multi-family
calendar
Built 1925
58 units in the heart of midtown and just steps from the new Kansas City streetcar expansion. This property is comprised of two twin brick buildings with a charming courtyard space. This property is currently occupied mostly by voucher tenants but has the potential to be converted into a showplace in a fantastic location. Future owner could combine the mostly one-bedroom units into more spacious two-bed units with the possibility of adding in-unit laundry. Common laundry currently located in the basement. There are two offices at the property in addition to a large common lobby area. Currently the building has mostly street parking but there is potential to purchase the parking lot next door. Cash flow as is and wait for the certain fast appreciation along the streetcar line or rehab now into luxury housing located just minutes from the Plaza, KU Med, Power and Light and all benefits of the downtown lifestyle. Rehabbed one beds across the street are currently renting for $825/month. Street car construction is in progress and will be completed by 2025.
MLS® ID:
2385357
Listed:
6/1/22
Updated:
8/16/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window Unit(s)
Heating
Hot Water, Steam

Exterior/Building Features

Lot Size
0.35 acres lot
Roof
Other
Sewer
City/Public

School Information

High School
Kansas City Mo

Other Property Details

Area Name
202 - Kansas City Area (So. of River)
Garage
No
Parking
On Street
View
N
County
Jackson
Utilities
Cent Water Heater
Water Source
Public
Pool
No
Total Stories
3
Zoning
MF

Property History

Date
Event
Price
Value
7/7/22
Price Change
$3,500,000
-4%
6/29/22
Price Change
$3,650,000
-9%

Courtesy of Platinum Realty

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Data last updated: 8/16/22, 3:55 AM UTC 

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