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Muehlebach Apartments 1800-1816 W 41st St 28 Unit Apartment Building $7,677,560 CAD ($274,199 CAD/Unit) 5.17% Cap Rate Kansas City, MO 64111
INVESTMENT HIGHLIGHTS
- Steps from KU Medical Center
- Strong Rent Growth & Occupancy
- Short Term Rental Opportunity with KU Med
- Fully Renovated
- Washer/Dryer in Unit
EXECUTIVE SUMMARY
The Muehlebach Apartments consisting of 28 units, is ideally located just steps from KU Medical Center, one of the largest employers in the Kansas City metro area and the vibrant 39th Street Corridor. The property features strong historical occupancy and consistent rent growth, supported by the area’s high rental demand. This property presents an exceptional opportunity to acquire a stabilized, income-producing asset with long-term appreciation potential in one of Kansas City’s most desirable submarkets.
- Prime Location Asjacent to KU Medical Center & the 39th Street Corridor
- Fully Renovated Units
- Exceptional Historical Occupancy
- Strong Rent Growth of 3.8% per year over the last four years
- Short Term Rental Opportunity with KU Med
- Prime Location Asjacent to KU Medical Center & the 39th Street Corridor
- Fully Renovated Units
- Exceptional Historical Occupancy
- Strong Rent Growth of 3.8% per year over the last four years
- Short Term Rental Opportunity with KU Med
PROPERTY FACTS
| Price | $7,677,560 CAD | Building Class | C |
| Price Per Unit | $274,199 CAD | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 24,486 SF |
| Cap Rate | 5.17% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.98/1,000 SF |
| Apartment Style | Garden |
| Price | $7,677,560 CAD |
| Price Per Unit | $274,199 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 24,486 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2023 |
| Parking Ratio | 0.98/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Washer/Dryer Hookup
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 28 | $1,919 CAD | 750 |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $305,935 CAD | |
| Land Assessment | $66,295 CAD | Total Assessment | $372,231 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$66,295 CAD
Improvements Assessment
$305,935 CAD
Total Assessment
$372,231 CAD
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Muehlebach Apartments | 1800-1816 W 41st St
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