401 Charlotte Lofts
Multifamily | 12 Units | $229,167/unit
Marketing description
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire 401 Charlotte Lofts, a 12-unit property located in the historic Columbus Park at 401 Charlotte St, Kansas City, MO 61406. The Property consists of 12 two-bedroom, one-bath units and is 100% leased. Built in 2023, the units are townhome-style with private entrances and front patios. Each unit features 21-foot ceilings, stainless steel appliances, an in-unit washer/dryer, and modern finishes.
401 Charlotte Lofts is in an excellent location, within walking distance of the $1B Berkley Riverfront mixed-use development, newly expanded Kansas City streetcar, and the River Market. Tenants can take advantage of best-in-class nearby amenities while still enjoying the comfortable, residential character of Columbus Park.
Investment highlights
BEST IN CLASS ASSET
Large 2-bedroom townhome style units with private entrances
2023 construction
Stainless steel appliances and modern finishes
10-year tax abatement
100% occupancy
PREMIER LOCATION
Walking distance to the River Market, Berkley Riverfront, and newly expanded Kansas City Streetcar
93 Walk Score
32,000 residents in downtown KC, expected to grow to 40,000 by 2030
UPSIDE OPPORTUNITIES
Additional 0.53 acre site for future development. Potential for 6 townhomes or 12 apartments, and qualifies for 10-year tax abatement
Ability to increase current income by implementing RUBS fees
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