1109-1115 41St Ter Kansas City, MO 64111
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1109-1115 41St Ter
- Year built
- 1880
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity presents a meticulously renovated 5-unit apartment building located at 1109-1115 W 41st Terrace, Kansas City, Missouri, 64111. The property boasts a compelling asking price of $1,250,000, translating to $250,000 per unit. Built in 1880 and extensively renovated in 2021, this property offers a strong return on investment with a 5.93% cap rate and a Net Operating Income (NOI) of $74,069. The complex comprises three buildings, each two stories high. Recent upgrades are extensive and include brand new kitchens and bathrooms in all units, featuring updated cabinets, countertops, appliances, toilets, showers, floors, tiles, and plumbing. Flooring has been completely refreshed with new Nucore waterproof flooring throughout. Laundry facilities have also been updated with new washers and dryers. Further improvements encompass new interior trim, paint, drywall, and ceiling fans. The HVAC systems have been upgraded, and a new roof has been installed. Exterior enhancements include fresh paint, a new fence, landscaping improvements, new concrete sidewalks, new windows, and new entry doors. This turnkey investment is ready for immediate income generation and offers a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable Kansas City location.
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
- -94.5988
- Latitude
- 39.0541
