200-204 36Th St Kansas City, MO 64111
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 200-204 36Th St
- Year built
- 1903
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents two newly renovated apartment buildings located at 200-204 W 36th St, Kansas City, Missouri, 64111. The property boasts a total of 11 units, meticulously updated in 2024. Building configurations include six 2-bedroom/2-bathroom units, two 4-bedroom/2-bathroom units, and three 1-bedroom/1-bathroom units. The buildings, constructed in 1903 and situated on two lots, are three stories high and zoned R-1.5. The property offers a compelling investment profile with an asking price of $2,299,705, a price per unit of $209,064.09, and a strong net operating income (NOI) of $149,480, resulting in a 6.50% capitalization rate. This turnkey investment is ideal for an experienced investor seeking a stable, high-performing asset in a desirable Kansas City location. The property's recent renovations ensure immediate cash flow and long-term value appreciation. The Jackson County location and convenient address provide easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-yield multifamily property in a thriving market. The property's strong financial performance and prime location make it an attractive investment for discerning buyers. The APN is 30-220-07-09-00-0-00-000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5883
- Latitude
- 39.0621
