1610 38th St, Kansas City, MO 64116
This exceptional six-unit apartment building, located at 1610 W 38th St, Kansas City, MO 64111, presents a compelling investment opportunity. Built in 1910 and boasting 5,862 square feet across three stories, this property offers six spacious two-bedroom, one-bathroom units, each featuring a private balcony. Recent renovations have beautifully blended classic charm with modern conveniences. Original hardwood floors and abundant natural light complement updated kitchens with quartz countertops, stainless steel appliances, and tile backsplashes. In-unit washer/dryers are included in the first-floor units, while on-site laundry is available for the second and third floors. Central heating and air conditioning, new windows, and Google Fiber in every unit enhance the appeal. Situated just four blocks from KU Medical Center, this location is highly desirable for medical professionals and students, offering proximity to the Country Club Plaza and the vibrant 39th Street corridor. The property's strong rental rates and potential for medium-term furnished rentals make it an attractive investment with significant upside. While an older building, this well-maintained property benefits from updated plumbing, electrical, and HVAC systems. This is a truly remarkable opportunity to acquire a trophy property in a prime Kansas City location. The asking price is $950,000, representing a price per unit of $158,333.33.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.