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Atlas Lofts 1509 Walnut St 16 Unit Apartment Building For Sale Kansas City, MO 64108



Investment Highlights
- Class A+ boutique loft community in the Crossroad Arts District
- Attached secure parking structure
- Tax abatement through 2042
- Unique, open-concept loft units that average 1,219 sq ft
- Walking distance to Kansas City Royals new stadium
- Offered free & clear on or subject to Fannie Mae loan at 4.01% (2033 maturity)
Executive Summary
ATLAS LOFTS presents a rare opportunity to acquire a fully restored, boutique loft community in the heart of Kansas City’s dynamic Crossroads Arts District. This 16-unit brick-and-timber asset seamlessly blends historic character with modern luxury, offering expansive, design-forward residences with soaring ceilings, exposed brick, and authentic architectural detail, product that is virtually impossible to replicate today.
Positioned one block from the streetcar and surrounded by the metro’s top employers, dining, and entertainment, Atlas Lofts delivers exceptional walkability and connectivity catering to discerning urban renters seeking authenticity. Residents are drawn to its unique layouts, private outdoor spaces, and curated amenities, including structured parking, fitness center, and wine storage.
Benefiting from tax abatement through 2042, the asset benefits from reduced operating expenses and durable cash flow. Located at the epicenter of downtown’s multi-billion-dollar transformation, highlighted by the planned $3B Royals stadium and Luminary Park, Atlas Lofts offers investors a trophy, irreplaceable asset with stable income, assumable below market financing, and compelling long-term upside.
Positioned one block from the streetcar and surrounded by the metro’s top employers, dining, and entertainment, Atlas Lofts delivers exceptional walkability and connectivity catering to discerning urban renters seeking authenticity. Residents are drawn to its unique layouts, private outdoor spaces, and curated amenities, including structured parking, fitness center, and wine storage.
Benefiting from tax abatement through 2042, the asset benefits from reduced operating expenses and durable cash flow. Located at the epicenter of downtown’s multi-billion-dollar transformation, highlighted by the planned $3B Royals stadium and Luminary Park, Atlas Lofts offers investors a trophy, irreplaceable asset with stable income, assumable below market financing, and compelling long-term upside.
Property Facts
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 16 | Building Size | 27,380 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2017 |
| Building Class | B | Parking Ratio | 0.87/1,000 SF |
| Zoning | C-4 - Commercial Zoning | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.26 AC |
| Building Size | 27,380 SF |
| Average Occupancy | 94% |
| No. Stories | 5 |
| Year Built | 2017 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | C-4 - Commercial Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Sunroom
- Views
- Walk-In Closets
- Island Kitchen
- Loft Layout
- Patio
Site Amenities
- Controlled Access
- Fitness Center
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 822 |
| 2+2 | 6 | - | 1,623 |
| 3+2 | 1 | - | 2,365 |
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 29-230-29-15-00-0-00-000 | Improvements Assessment | $1,009,973 CAD |
| Land Assessment | $76,288 CAD | Total Assessment | $1,086,261 CAD |
Property Taxes
Parcel Number
29-230-29-15-00-0-00-000
Land Assessment
$76,288 CAD
Improvements Assessment
$1,009,973 CAD
Total Assessment
$1,086,261 CAD
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Atlas Lofts | 1509 Walnut St
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