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32381939
32381938

4025 Springfield Street, Kansas City, KS 66103

AO
2019043249
Legendary Apartment Brokers
Listed by Legendary Apartment Brokers
$1,350,000
29 days on market
Updated 22 days ago
Opportunity zone

4025 Springfield Street

Details
Property Type Multifamily
Sub Type Apartment Building
Units 12
Cap Rate 8%
NOI $107,997
Occupancy 100%
Pro-Forma Cap Rate 8%
Pro-Forma NOI $107,997
Class B
Year Built 1950
Buildings 6
Acreage 0.200
Zoning MF
Parking Spaces 12
Investment Type Value Add

4025 Springfield Street, Kansas City, MO 66103-3213

Marketing description

Check out this fully stabilized offering of six purpose-built duplexes totaling 12 units in a highly desirable location near KU Med, the region’s largest employer. This is a rare chance to acquire scale made up entirely of duplex product—something that is extremely difficult to replicate, especially at this price per unit in this location. Every unit is a true 2-bedroom, 1-bath layout, one of the most consistently in-demand and easiest to lease unit types in the market. All properties are located within blocks of each other, creating real operational efficiency without being tied to a single large building. The property is 100% occupied with gross monthly rents exceeding $13,400 and clear runway to grow income over time. A RUBS utility bill-back program is in place across much of the property, helping reduce owner expenses and improve overall performance. Units feature central HVAC, off-street parking, and include washer and dryer, with solid interior condition and meaningful capital improvements already completed. This is a clean, stabilized asset in a location that performs—built on a product type that tenants consistently choose. Opportunities to buy this kind of scale, in this kind of location, with all duplex construction, are few and far between. Included in the sale are: 4312–4318 Pearl Street, 4025 Springfield, 4035 Springfield Kansas City KS 66103

Investment highlights


Listing Contacts

AO
2019043249
Legendary Apartment Brokers
Listed by Legendary Apartment Brokers

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$107,997.00
$8,999.75/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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