1123 40th St Kansas City, MO 64111-4859
Property Lookup
Property profile & analytics
1123 40th St Kansas City, MO 64111-4859
- Apartment buildings
- 1,512 SF
- 0.06 lot acres
Property ID
US48-0796592
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 1123 40th St
- Year built
- 1922
- Construction
- WOOD
- Lot size
- 0.06 lot acres
- Property size
- 1,512 SF
- Property type
- Apartment buildings
- APN
- 30-340-07-06
- APU
- 303400706
Description
This exceptional six-unit apartment building, located at 1123 W 40th Street in Kansas City, Missouri, presents a compelling investment opportunity. The property, classified as a Class C multifamily building, is currently fully rented and boasts significant value-add potential. Situated in a high-traffic area near the University of Kansas Medical Center, this property benefits from strong demand and a readily available tenant pool. The current rental rates are below market, offering immediate upside for a savvy investor. The address is 1123 W 40th St, Kansas City, MO 64111, within Jackson County. The asking price for this turnkey investment is $700,000. This presents a chance to acquire a stable, income-generating asset with the potential for substantial returns through rental increases. The property's location near a major medical center ensures consistent occupancy and a reliable stream of rental income. The building's six units provide a manageable portfolio size for both seasoned and new investors. This is a rare opportunity to acquire a well-located, fully occupied apartment building in a thriving Kansas City neighborhood with immediate potential for increased profitability. The property is ready for a new owner to step in and capitalize on the existing below-market rents.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.6
- Latitude
- 39.055
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,968
$1,349
$36,613
$37,962
-
$0.00
$0.00
$199,800
