1017 W 39Th St Kansas City, MO 64111

Located in the historic Volker neighborhood of Midtown Kansas City, Missouri, the apartments at 1017 W. 39th are a stately, 6-unit complex anchored just west of Westport and east of the University of Kansas Medical Center. Constructed in 1908, the 2-story building features a brick exterior, common patios/balconies, and off-street parking at the rear with 6 spaces. The six units consist of two studio units, two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit and one two-bedroom/two-bathroom unit, all with different floorplans. The building is separately metered for electric with common gas and water. Accessed via the rear entry, the basement provides owner-operated laundry machines and storage lockers. The property is zoned B3-2. The lot size is 0.1532 acres. All units feature hardwood floors, window units for heating/cooling, vinyl windows, and ceiling fans. Select units have washer/dryer in unit (2 units), dishwashers (3 units) and updated flooring in kitchens/bathrooms (2 units). One of the six units has been renovated with new hardwood flooring, granite countertops, and stainless steel appliances; the remaining five units are in classic condition. The property is stabilized with a history of high occupancy (currently 100%) with 3rd party management in place. The asset presents value-add potential with the full implementation of RUBS fees, continued renovation of classic units, potential to convert to central air, and addition to washer/dryer in remaining units. The property boasts an excellent location on one of Kansas City’s most beloved corridors, the 39th Street district with a close proximity to the shops/businesses/restaurants in Volker, Westport and the new KC Streetcar Extension Line with multiple stops within walking distance. The neighborhood has a Walk Score of 82.