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    OFF-MARKET
    Apartment buildings

    1610 38th St, Kansas City, MO 64116

    1,954 SF 0.1 ac lot Built 1910
    Individually Owned 11-yr Hold
    Property ID
    US48-0821455
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1910
    Construction WOOD
    Total area 1,954 SF
    Lot 0.1 ac (4,357 SF)
    APN 30-320-20-15
    UPID US48-0821455
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    David C Sanger
    David C Sanger
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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