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Property profile & analytics
OFF-MARKET Estimated value $280,000
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
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k
Owner & transaction history
David C Sanger
David C Sanger
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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