759 Vermont Ave - Apartments FOR SALE


Kansas City, KS 66101- Riverview
$6,300,000 USD
918-857-5961
759 Vermont Ave, Kansas City, KS for Sale
$6,300,000 USD
Apartments - FOR SALE
1/33
null | 6.75% Cap Rate

759 Vermont Ave
Kansas City, KS 66101
Riverview


HIGHLIGHTS

  • Upside Potential: The property benefits from the growing trend of seniors relocating to the Midwest, maintaining strong local awareness and high occup

OVERVIEW

Highlights: Upside Potential: The property benefits from the growing trend of seniors relocating to the Midwest, maintaining strong local awareness and high occupancy rate of 98% adding a great unit mix. Renovation in 2013: interior upgrades, property including all-new copper plumbing, electrical, and 22-SEER HVAC systems. New roof in 2022 Wind event pulled up the glued membrane, so all new with a suction/vent and mechanical attachments New domestic hot water main line piping in ground floor 2 new high efficiency hot water domestic boilers Misc appliance replacements and HVAC compressor/condenser updgrades New roof in 2022: with mechanical attachments for added durability. Recent upgrades: new domestic hot water main line, two high-efficiency hot water boilers, and appliance replacements. Property Location: The Riverview neighborhood offers a cozy atmosphere directly across the river from Kansas City, Missouri. Most of the community is covered by suburban homes, with a broad range of apartments and condos adding to the rental options. Many of the city’s most popular restaurants can be found around Riverview, from the regional flavors served up at Gates Bar-B-Q and Slap’s BBQ to the diverse fare at hangouts like Tao Tao, Breit’s Stein and Deli, and Paleteria Tropicana. 3 miles from Starbucks 2.5 miles from Walmart Neighborhood Market 3 miles from The University of Kansas Hospital 5.8 miles from Target 5 miles from Saint Luke's Hospital of Kansas City

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

111

PRICE/UNIT

$56,757

CAP RATE

6.75%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City View at St. Margaret’s

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1885

PARKING SPACES

300

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

KRP5

APN/PARCEL ID

122034

ASK ABOUT THIS PROPERTY

Casey LitseyColdwell Banker SelectMore Info
918-857-5961

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Casey LitseyColdwell Banker SelectMore Info
918-857-5961

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