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622 Hardesty Ave 20 Unit Apartment Building $1,999,463 CAD ($99,973 CAD/Unit) 7.01% Cap Rate Kansas City, MO 64124
Investment Highlights
- Minutes from Downtown
- Turnkey Investment
- Major CapEx Completed
Executive Summary
Turnkey 20-Unit Multifamily – High-Upside Kansas City Investment
Fully renovated 20-unit apartment building featuring 8 one-bedroom units and 12 studios, offered at $1,450,000. The property is currently leased at 70% occupancy, with tenants being added to rent roll regularly.
The unfinished basement has laundry, and offers additional upside — storage, community space, or additional units (buyer to verify). Located just minutes from downtown Kansas City, this asset combines modern updates, strong rental demand, and multiple value-add plays.
Highlights:
20 units: 8 (1BR) + 12 (Studios)
Fully renovated
Prime location near downtown
Basement offers expansion potential
Strong KC rental market fundamentals
An excellent opportunity for investors seeking a cash-flowing, value-add multifamily in a growing area.
Fully renovated 20-unit apartment building featuring 8 one-bedroom units and 12 studios, offered at $1,450,000. The property is currently leased at 70% occupancy, with tenants being added to rent roll regularly.
The unfinished basement has laundry, and offers additional upside — storage, community space, or additional units (buyer to verify). Located just minutes from downtown Kansas City, this asset combines modern updates, strong rental demand, and multiple value-add plays.
Highlights:
20 units: 8 (1BR) + 12 (Studios)
Fully renovated
Prime location near downtown
Basement offers expansion potential
Strong KC rental market fundamentals
An excellent opportunity for investors seeking a cash-flowing, value-add multifamily in a growing area.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,034 CAD | - |
| Studios | 12 | $896.31 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 28-210-05-01-00-0-00-000 | Total Assessment | $56,126 CAD |
| Land Assessment | $3,494 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $52,632 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
28-210-05-01-00-0-00-000
Land Assessment
$3,494 CAD
Improvements Assessment
$52,632 CAD
Total Assessment
$56,126 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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622 Hardesty Ave
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