For Sale

Listed by Brice Bradshaw and Parker Beck from Compass Realty Group

Source: Heartland Multiple Listing Service #HMS2591468

1017 West 39th Street, Kansas City, MO, 64111

$659,000

6
6672 sq. ft.

Apartment

30+ days on the market

What's around 1017 West 39th Street

About this property

Located in the historic Volker neighborhood of Midtown Kansas City, Missouri, the apartments at 1017 W. 39th are a stately, 6-unit complex anchored just west of Westport and east of the University of Kansas Medical Center. Built in 1908, the building stands 2-stories with a brick exterior, common patios/balconies, and off-street parking at the rear (6 total spaces). The six units consist of two studio units, two one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit and one two-bedroom/two-bathroom unit – all floorplans are different. The building is separately metered for electric with common gas and water. The basement, accessed via the rear entry provides owner-operated laundry machines and storage lockers. All units at 1017 feature hardwood floors, window units for heating/cooling, vinyl windows and ceiling fans. Select units have washer/dryer in unit (2 units), dishwashers (3 units) and updated flooring in kitchens/bathrooms (2 units). 1 of the 6 units has been renovated with new hardwood flooring, granite countertops, stainless steel appliances – the remaining 5 units are in classic condition. The property is stabilized with a history of high occupancy (currently 100%) with 3rd party management in place. The asset presents value-add potential with the full implementation of RUBS fees (currently not charging for water/gas), continued renovation of classic units, potential to convert to central air and addition to washer/dryer in remaining units. The property boasts an excellent location on one of Kansas City’s most beloved corridors, the 39th Street district with a close proximity to the shops/businesses/restaurants in Volker, Westport and the new KC Streetcar Extension Line (multiple stops within walking distance to subject – 82 Neighborhood Walk Score).

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