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24347380
24347379

3000 E 49th St, Kansas City, MO 64130

QH
MO MO 2022040834, KS KS 00249130
Clemons Real Estate
Listed by Clemons Real Estate
$2,700,000
341 days on market
Updated 10 days ago
Opportunity zone

Swope Plaza Estates

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 42,512
Units 63
Pro-Forma NOI $406,238
Price per SqFt $92
Class B
Year Built 1960
Buildings 8
Stories 2
Acreage 2.300
Zoning R-1.5
Investment Type Redevelopment

63 Units + 6 More Possible | Major Work Complete | Near New Office, Retail,& Multifamily Development

Marketing description

Clemons Real Estate is pleased to present Swope Plaza Estates, a 63-unit multifamily redevelopment opportunity located along Martin Luther King Jr. Blvd at the southeast corner of Brush Creek and Highway 71 in Kansas City. The property is currently vacant and under construction, with all units framed, roughed-in, and several partially finished — offering a clean slate for investors to complete and stabilize.

Each unit is a 650 SF one-bedroom layout, ideal for efficient lease-up and streamlined operations. The garden-style design minimizes shared space and reduces future maintenance, while the utility structure features individually metered electric and RUBS for water and trash.

With a projected $406,238 in stabilized NOI and the potential to expand to 69 total units, Swope Plaza Estates presents a rare opportunity to acquire immediate scale, implement efficient operations, and realize strong in-place upside in a reinvesting submarket.

Swope Plaza Estates is ideally located along Martin Luther King Jr. Blvd near the intersection of Brush Creek and Highway 71, offering direct access to public transit and key amenities. The property is less than one mile from Swope Health, Blue Parkway Sunfresh, and the Shops at Blue Parkway — part of a cluster of community investments by Community Builders of Kansas City that also includes The Rochester Apartments and the forthcoming Offices at Overlook. The Country Club Plaza is just 2.5 miles west via the Brush Creek Trail, connecting residents to one of Kansas City’s premier retail and employment districts.


Investment highlights

  • 63 one-bedroom units, each 650 SF
  • Six additional 1BR units possible via basement buildout
  • Delivered vacant with rough-ins and partial finish-out
  • Projected stabilized NOI of $406K
  • Individually metered electric; RUBS for water/trash

Listing Contacts

QH
MO MO 2022040834, KS KS 00249130
Clemons Real Estate
Listed by Clemons Real Estate

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Additional Information

Name
Quinn Hahs
License
MO 2022040834
Brokerage
Clemons Real Estate Broker
Brokerage Phone
816-621-2130
Title
Senior Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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