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3102-3112 N 51st Ter 18 Unit Apartment Building $2,492,100 CAD ($138,450 CAD/Unit) Kansas City, KS 66104
INVESTMENT HIGHLIGHTS
- 18 units / 14 -2 bedrooms and 4 -1 bedroom
- 2021 new roof, stairs and decking
- Every unit contains a washer/dryer
- Currently 95% occupied
EXECUTIVE SUMMARY
SVN | The Hurst Company is excited to bring to market this 18-unit, two-story complex that is located in the heart of Kansas City, KS., at the intersection of N. 51st Ter. and Leavenworth Rd. The building backs up to an elementary school and is in close proximity to a middle and high school. The location is conveniently located near I-635 for easy access anywhere in the city. In addition, the location is within a 15-minute drive to the Legends Shopping District, NASCAR, Children's Mercy Soccer Complex, KC Live in downtown Kansas City, MO, and Zona Rosa to the north. The most recent renovations took place in 2021 which included a new roof and decking throughout the exterior of the building. This is a very desirable location and should appeal to any investor looking for upside. Per RentCafe, for the second month in a row, Kansas City, is the most sought-after city by renters.
PROPERTY FACTS
| Price | $2,492,100 CAD | Building Class | C |
| Price Per Unit | $138,450 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| No. Units | 18 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2021 |
| Apartment Style | Low-Rise | Parking Ratio | 1.67/1,000 SF |
| Zoning | KRP3 | ||
| Price | $2,492,100 CAD |
| Price Per Unit | $138,450 CAD |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 12,600 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2021 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | KRP3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Carpet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 14 | - | 700 |
PROPERTY TAXES
| Parcel Number | 917626 | Improvements Assessment | $154,474 CAD |
| Land Assessment | $9,182 CAD | Total Assessment | $163,656 CAD |
PROPERTY TAXES
Parcel Number
917626
Land Assessment
$9,182 CAD
Improvements Assessment
$154,474 CAD
Total Assessment
$163,656 CAD
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3102-3112 N 51st Ter
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