28-Unit Townhome-Style Multifamily
9730-9768 Locust Street Kansas City, MO 64131
9730-9768 Locust Street, Kansas City, MO, 64131
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For Sale
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Townhome-style multifamily with renovations in 23 of 28 units and recent HVAC and water heater replacements.
Property Size27,720 SF
Price / SF$153.32
Days on Market80
Property Features for 9730-9768 Locust Street
General Information
- Standard status
- Active
- Size
- 27,720 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
Peak Real Estate Partners
Listed by
Nick Ambrosio · License #2019045481
Source
Crexi
Added: May 5 Updated: Jul 23 at 4:07AM Checked: Jul 23 at 4:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Real Estate Partners
Investment Insights
Based on property information with market context.
The Holmesbrook Townhomes is a 28-unit townhome-style community. Since 2022, the property has completed more than $350,000 in capital improvements, with renovations in 23 of the 28 units. Vast majority of water heaters and HVAC have been replaced within the last four years, leaving only five units in “classic” condition.
The property is located in the Willow Creek neighborhood of Kansas City, Missouri, at 9730–9768 Locust Street. A LURA is in place until 2032, and only 10 units are affected.
Of the affected units, 4/10 are labeled as “Low Income” and 6/10 are labeled as “Very Low Income.” The LURA is administered by Phoenix Revitalization Corp under the FDIC Affordable Housing Disposition Program, and it is described as not LIHTC with no involvement from MHDC or KHRC. Compliance is described as straightforward annual income verification coordinated between Phoenix and the property manager.
The property is located in the Willow Creek neighborhood of Kansas City, Missouri, at 9730–9768 Locust Street. A LURA is in place until 2032, and only 10 units are affected.
Of the affected units, 4/10 are labeled as “Low Income” and 6/10 are labeled as “Very Low Income.” The LURA is administered by Phoenix Revitalization Corp under the FDIC Affordable Housing Disposition Program, and it is described as not LIHTC with no involvement from MHDC or KHRC. Compliance is described as straightforward annual income verification coordinated between Phoenix and the property manager.
Key Highlights
- 28‑unit townhome‑style multifamily community in the Willow Creek neighborhood of Kansas City, MO
- Year built: 1984
- Renovations completed in 23 of 28 units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $578.8k | $20.88 |
| − Vacancy | −$37.6k | −$1.36 |
| EGI | $541.2k | $19.52 |
| − OpEx | −$243.5k | −$8.79 |
| NOI | $297.6k | $10.74 |
27,720 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.25M
$3.72M – $4.96M
NOI $297,645 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.78M – $7.70M
NOI $462,183 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Townhome-style multifamily with renovations in 23 of 28 units and recent HVAC and water heater replacements.
Where is this apartment building located?
The property is located at 9730-9768 Locust Street Kansas City, MO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 28‑unit townhome‑style multifamily community in the Willow Creek neighborhood of Kansas City, MO; Year built: 1984; Renovations completed in 23 of 28 units
