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Chase and Cole Apartments 2700-2718 E 29th St 48 Unit Apartment Building For Sale Kansas City, MO 64128
Investment Highlights
- 100% Tax Abatement
- New Roofs, Windows, Exterior, Breaker Boxes, Common Areas
- $200 Market Rent Premium With Light Unit Renovation
- Assumable 4.33% Full Term I/O Fannie Mae Loan
- Ability to Add Utility Billback Program
Executive Summary
Zeal Property Advisors, LLC is pleased to present the exclusive offering of Chase and Cole Apartments (“The Property”), a 48-unit apartment community situated just east of Crown Center in Kansas City, Missouri. The Property is an ideal value-add opportunity with a majority of the “heavy lift” renovations having already been completed. Prospective investors have the opportunity to acquire an asset with little to no deferred maintenance and ability to add value through the increase of rents to full market and implement a utility billback program.
The Property is offered as a fee simple sale and presents prospective investors with the ability to assume a 4.33%, full term I/O, non-recourse loan providing ample refinance runway as rates are projected to reduce through the next 18 months. Free and clear offers will also be considered. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl
The Property is offered as a fee simple sale and presents prospective investors with the ability to assume a 4.33%, full term I/O, non-recourse loan providing ample refinance runway as rates are projected to reduce through the next 18 months. Free and clear offers will also be considered. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl
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Property Facts
| Sale Type | Investment | Building Size | 34,680 SF |
| No. Units | 48 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1971/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 0.72/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.67 AC | ||
| Zoning | R4 - Residential Zoning | ||
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.67 AC |
| Building Size | 34,680 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1971/2022 |
| Parking Ratio | 0.72/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4 - Residential Zoning |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 662 |
| 2+1 | 31 | - | 750 |
| 2+2 | 2 | - | 750 |
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Property Taxes
| Parcel Number | 28-920-10-26-00-0-00-000 | Improvements Assessment | $235,448 CAD |
| Land Assessment | $19,865 CAD | Total Assessment | $255,312 CAD |
Property Taxes
Parcel Number
28-920-10-26-00-0-00-000
Land Assessment
$19,865 CAD
Improvements Assessment
$235,448 CAD
Total Assessment
$255,312 CAD
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Videos
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Photos
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Street
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Chase and Cole Apartments | 2700-2718 E 29th St
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