Listed by Clemons Real Estate
$375,000
3826 Warwick Blvd
Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 4,146
Units 3
Cap Rate 5.72%
NOI $21,451
Year Built 1895
Acreage 0.143
Investment Type Value Add
Multifamily | 5.72% CAP | 3 Units
Marketing description
Introducing an exceptional opportunity for multifamily/low-rise/garden investors at 3826 Warwick Blvd. This historic property, built in 1895, features a 4,146 SF building with 3 distinct and well-appointed units, each offering a unique blend of historic charm and modern updates. With its timeless architectural features and classic appeal, this property presents a compelling investment in the thriving Kansas City real estate market. Boasting ample living spaces and abundant natural light, this property is poised to deliver both value and charm to its future residents. Don't miss your chance to invest in this remarkable multifamily property in the heart of Kansas City.
Location Description
Midtown Kansas City
Investment highlights
- Historic 4,146 SF building built in 1895
- Three 2 bedroom 1 bath units and common entry with character
- Value Add Opportunity to upgrade units over time and claim rent upside
- Located in the heart of Midtown Kansas City, just steps from the 39th Street KC Streetcar stop
- Fully leased triplex in Midtown just off Main Street
- Steps from the KC Streetcar extension and Gillham Park
- All 2-bed, 1-bath units are well maintained and income producing
- Current rents average $803/month with upside to ~$1,100/month
- Prime location in a walkable, bike-friendly Midtown corridor
- Sale Price: $375,000
- Number of Units: 3
- Unit Mix: All 2 bed / 1 Bath
- Lot Size: 0.143 Acres
- Lot Size: 0.143 Acres
- Building Size: 4,146 SF
- NOI: $21,451.00
- Cap Rate: 5.72%
Listing Contacts
Listed by Clemons Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,451.00
$1,787.58/mo
Valuation Metrics
0
DSCR
5.72%
Cap Rate
5.72%
ROI
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