2625 W Paseo Blvd - Apartments FOR SALE


Kansas City, MO 64108- Beacon Hills
$5,250,000 USD
913-653-8204
2625 W Paseo Blvd, Kansas City, MO for Sale
$5,250,000 USD
Apartments - FOR SALE
1/29
null | Request Cap Rate

2625 W Paseo Blvd
Kansas City, MO 64108
Beacon Hills


HIGHLIGHTS

  • LIHTC Decontrol Period Ending June 2025
  • Iconic & Historic Property in the Beacon Hill Neighborhood
  • Exceptional Opportunity to Enhance or Reposition for Maximum Potential

OVERVIEW

Presenting an unparalleled opportunity to own a truly iconic and irreplaceable multifamily property in the heart of The Beacon Hill Neighborhood in Kansas City. This historic gem, with its 46 spacious apartment homes, generous community areas, soaring ceilings, and two rooftop terraces showcasing panoramic skyline views, offers a unique blend of character and potential. Currently a LIHTC property within the decontrol period, all income restrictions expiring in June 2025. This asset presents a range of possibilities - renew the LIHTC agreement, transition to market rate, or customize a strategy tailored to your vision. In a neighborhood energized by new developments and rising market rents, this is your chance to make a lasting impact.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$219 USD /SF

# OF UNITS

46

PRICE/UNIT

$114,130

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residences of West Paseo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1959

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

UR

APN/PARCEL ID

29-630-23-24-00-0-00-000,29-630-23-25-00-0-00-000

ASK ABOUT THIS PROPERTY

David BelpedioClemons Real EstateMore Info
913-653-8204

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David BelpedioClemons Real EstateMore Info
913-653-8204

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.