4220 Harrison St - Apartments FOR SALE


Kansas City, MO 64110- South Hyde Park
$949,000 USD
913-219-7074
4220 Harrison St, Kansas City, MO for Sale
$949,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

4220 Harrison St
Kansas City, MO 64110
South Hyde Park


HIGHLIGHTS

  • 13 Month Shutdown Rehab Completed - Stabilized Q4 of 2024
  • Units feature decorative fireplaces, sunrooms, formal dining room, fully equipped kitchens, spiral ductwork, washer/dryer & new appliances/fixture
  • Excellent location in South Hyde Park near Streetcar Extension Line
  • 100% Occupied - 3rd Party Management in place

OVERVIEW

Sunny View Apartments are a charming 6-unit historic building well located in the South Hyde Park neighborhood of Kansas City, Missouri. The building stands 3-stories with a stately partial brick exterior and provide tenants with front & rear access, off-street parking (5 spaces) and ample street parking (one-way street). Built in 1915, the complex consists of 6 two-bedroom/one-bathroom units with an approximate unit size of 1,000 square-feet (mirror image floorplans). Current ownership acquired the property in June of 2023 and completed an extensive shutdown renovation finishing in July of 2024. The property now 100% occupied with 3rd party management in place. Capital expenditures completed to building include a new sewer line, new exterior paint & back deck stain, new exterior doors at rear, new exterior/interior light fixtures and updated electrical/plumbing to washer/dryers. All 2-bed | 1-bath units underwent uniform renovations consisting of new appliances, new exposed spiral ductwork, new cabinets, installation of washer/dryer in unit, granite countertops, refinished floors and new LVP flooring, new bathroom tubs, surrounds, and doors, new mirrors/fixtures/ceiling fans, and faux wood blinds with newer vinyl windows. All 2-bed units feature central air, sunrooms, formal dining rooms, decorative fireplace, built-in shelves, fully equipped kitchens, Google Fiber and front/rear access. Sunny View is separately metered units for gas and electric (tenant’s responsibility) and has common water/hot water (landlord pays). 3 HVACs were replaced by previous owner in 2023. The property is well positioned to take advantage of multiple stops on the new KC Streetcar Extension line with South Hyde Park, and more specifically, Harrison Street seeing extensive real estate gentrification/investment over the last several years. The property has now stabilized as of July 2024 presenting a turnkey investment opportunity in an appreciating area with strong rental demand.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunny View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-5

APN/PARCEL ID

30-240-29-26-00-0-00-000

ASK ABOUT THIS PROPERTY

Brice BradshawKCCommercial.netMore Info
913-219-7074

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Brice BradshawKCCommercial.netMore Info
913-219-7074

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