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Romanelli Reserve Apartments 200 W Gregory Blvd 9 Unit Apartment Building $4,439,904 CAD ($493,323 CAD/Unit) 5.75% Cap Rate Kansas City, MO 64114
Investment Highlights
- The Romanelli Reserve is a brand new community located in the heart of a 100+ year old Brookside neighborhood.
- The property is positioned as a high end rental option appealing to young professionals
- Access to the property is a very walkable, with nearby shopping centers such as Brookside shops
- The surrounding neighborhood offers a balance of suburban comfort and urban convenience, with access to parks, cultural attractions, and retail hubs.
Property Facts
| Price | $4,439,904 CAD | Building Class | B |
| Price Per Unit | $493,323 CAD | Lot Size | 1.60 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| Cap Rate | 5.75% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | B3-2 & R-6 - Business/Residential | ||
| Price | $4,439,904 CAD |
| Price Per Unit | $493,323 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.60 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | B3-2 & R-6 - Business/Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Tub/Shower
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Car Charging Station
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | - | 1,100 - 1,200 |
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,139,004 CAD | |
| Land Assessment | $679,771 CAD | Total Assessment | $1,818,775 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$679,771 CAD
Improvements Assessment
$1,139,004 CAD
Total Assessment
$1,818,775 CAD
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Romanelli Reserve Apartments | 200 W Gregory Blvd
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