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    2809 Madison Ave Kansas City, MO 64108

    Sponsored
    For Sale
    $74,900

    Prime lot, city views, build potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,275 square foot lot, located at 2809 Madison Avenue in Kansas City, Missouri, presents a remarkable investment opportunity. Situated in the vibrant Westside neighborhood, this property boasts spectacular, unobstructed city views. Its prime location offers convenient access to the Crossroads Arts District, downtown Kansas City, the River Market, and major highways, ensuring effortless connectivity. The surrounding area is experiencing significant new development, making this a particularly attractive investment. The lot's zoning allows for the construction of either single-family or multi-family dwellings, presenting flexibility for various development plans. The potential for short-term rentals further enhances the property's appeal and projected return on investment. The asking price for this exceptional property is $74,900. This is a rare chance to acquire a highly desirable lot in a rapidly growing area of Kansas City, offering significant potential for future appreciation and strong rental income. The property is classified as Land, Multifamily, and is specifically categorized as an Apartment Building, Residential, and Duplex/Triplex/Quadruplex. The zip code is 64108, and the property is located in Jackson County.

    Property Features for 2809 Madison Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • $74,900 asking price.
    • Land and multifamily property.
    • 3,275 square foot lot.
    • Located at 2809 Madison Avenue, Kansas City, MO 64108.
    • Westside neighborhood location with city views.
    • Close proximity to Crossroads, downtown, and river market areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5951111
    Latitude
    39.0763785

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    FAQs

    What type of property is this?
    Multifamily property - Prime lot, city views, build potential.
    Where is this multifamily property located?
    The property is located at 2809 Madison Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: $74,900 asking price.; Land and multifamily property.; 3,275 square foot lot.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2809 Madison Ave Kansas City, MO 64108
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