4651 NE Antioch Rd - Apartments FOR SALE


Kansas City, MO 64117- Antioch Acres
$1,850,000 USD
816-591-0825
4651 NE Antioch Rd, Kansas City, MO for Sale
$1,850,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

4651 NE Antioch Rd
Kansas City, MO 64117
Antioch Acres


HIGHLIGHTS

  • Exceptional location backing to community park
  • Fantastic price per unit with ability to push rents
  • Units updated over time
  • No seller financing but bring offers!

OVERVIEW

26 units. twenty 1BR, five Studios, and one 2BR 1Ba. Laundry in lower level of building. Execute business plan to achieve nearly a 9% cap rate. Units have been remodeled lightly over time. Appliances replaced as needed. Class A location with broad appeal due to it's economic benefits. Unique micro location. Located in a private park-like setting surrounded by playfields. Exceptional highway access to everything in Kansas City. Amazing transportation channels - located next to main arteries of travel throughout KC and Northland. Within minutes of restaurants, grocery store, and entertainment. Fantastic price per unit. Located in coveted area north of the river, strongest growing sub market in KC metro. Ability to push rents further on lease up as units turn (see rent study). Highly desirable assets in KC in this location creates forced appreciation. Continue to make the building nicer over time or right away to maximize building potential. Although RUBS program is in place, improve water conservation with low flow toilets or similar as units turn and upgrade common area lighting to LED to lower utility bills. No seller financing or loan assumption.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

26

PRICE/UNIT

$71,154

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Norclay Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

18-105-00-03-008.00

ASK ABOUT THIS PROPERTY

Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

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Alex OlsonLegendary Apartment BrokersMore Info
816-591-0825

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