3937 Kenwood Ave Kansas City, MO 64110

Property Details for 3937 Kenwood Ave

Year built

2024

Property size

8,505 SF

Property type

Commercial real estate

Description

Kenwood II, a stunning new 3-story apartment building in Kansas City, MO, presents a unique investment opportunity. This 8,505 square foot property, completed in 2024, boasts nine meticulously designed two-bedroom, two-bathroom units, each featuring a spacious open-concept kitchen and living area opening onto a private balcony with scenic Gillham Park and city skyline views. High-end finishes, energy-efficient all-electric systems, and in-unit washer/dryers cater to discerning tenants. Located at 3937 Kenwood Ave, in the highly sought-after 64110 zip code, this R-1.5 zoned property enjoys unparalleled proximity to major employers like Cerner Corporation (now Oracle), H&R Block, and Hallmark Cards, as well as prominent healthcare facilities such as the University of Kansas Hospital and Children's Mercy Hospital. The Country Club Plaza, with its upscale shopping, dining, and entertainment, is just a short drive away, along with convenient access to Whole Foods, Trader Joe's, and Sun Fresh. Residents also benefit from the nearby green spaces of Gillham Park and Loose Park, and the cultural attractions of the Nelson-Atkins Museum of Art. This prime location, combined with the exceptional quality and modern design of the building, ensures strong rental demand and long-term appreciation potential. The asking price is $3,075,000, representing a price per unit of $341,667. The property offers a compelling value-add opportunity through achieving market-rate rents. This is a rare opportunity to acquire a brand-new, luxury multifamily property in a highly desirable Kansas City location.