Listed By:
Compass Realty Group
Address
4505 Jarboe Street, Kansas City, MO
Price
$ 1,560,000
Property Attributes
  • MLS#2483418
  • TypeMulti-Family
  • CountyJACKSON
  • CityKansas City
  • Area202 - Kansas City Area
  • NeighborhoodWest Plaza
  • Zip64111
  • Style
  • Year Built1967
  • Taxes$ 10588
  • Price$ 1,560,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,720 SqFt
Data Source:
Heartland MLS (HMLS)
Property Description

Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies, newer exterior paint/lighting/siding, and parking lot at the rear providing tenants 8 off-street spaces. The 12 units at the building consists of (2) one-bedroom units and (10) two-bedroom units. The property’s location is anchored by the Country Club Plaza and Westport as well as universities (UMKC, Art Institute, Metropolitan CC), hospitals (KU Med & St. Luke's), local shops/restaurants and businesses. Over the last 10 years, ownership has completed capital expenditures including decks/railings, sliding glass doors and vinyl windows, newer roof and mansard repairs, new concrete sidewalk/stairs, and updates to landscaping. All units at the property have central air, spacious floorplans, Google Fiber, balconies/patios, ample closet space, fully equipped kitchens with stainless appliances, updated flooring, updated bathroom and individual storage lockers. Select units feature decorative fireplaces and in-unit washer/dryer (2). A secured designated laundry room is offered to tenants with coin-operated machines on a month-to-month Jetz lease. The building is separately metered for gas and electric (tenant paid) and has common water and trash (landlord paid). The two 1-bedroom units are on a master meter. The building is partially broker-owned and has 3rd party management in place. At the start of April, owner procured a new trash contract and implemented a water savings program/equipment to help reduce water expenses. Buyers could continue to manage property as-is with small incremental improvements or look to carry out enhanced make-readies on kitchens/baths and add laundry to units with RUBS implemented to maximize rents. Buyer’s looking for greater scale can package this property with 4033 Oak (MLS 2483405), a 14-unit complex in Southmoreland owned/operated by the same partnership.

Price History
4/16/2024 Listed $1,560,000

General Features

Sewer City/Public
Heating Forced Air
Cooling Electric
Utilities Cent Water Heater,Separate Meters
Roof Synthetic
Zoning R-1.5
Construction Materials Brick Veneer,Wood Siding
Year Built 1967
Property SubType Apartment
Assoc Fee Paid Per None
County Jackson
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name West Plaza
Garage Y/N No
Status Active
Directions From the North take 169 HWY South to I-35 hwy,take exit 1A to Southwest Trafficway,continue South to 46th Street and turn right,Immediately turn right again on Jarboe,home is on the right.
City Kansas City
High School District Kansas City Mo
Total Units 12
MLS Area 202 - Kansas City Area (So. of River)
Lot Size Square Feet 10720
Street Name Jarboe
Listing Terms Cash,Conventional,1031 Exchange
Public Remarks Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies,newer exterior paint/lighting/siding,and parking lot at the re
Virtual Tour https://media.clappphotographyrealestate.com/videos/018e9b3e-8996-72aa-9233-bad126ada496
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 3
Basement (Y/N) No
Air Conditioning Y/N Yes
Street Suffix Street
Unit Type 1 Bedroom,2 Bedroom

Exterior Features

Parking Features Off Site
Water Source Public
Total Parking 8
Lot Size Area 10720
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 64111

Price
AVG $1.41M
$1.56M
Taxes
AVG $11,578
$10,588
Visits
AVG 53
41
Data Provided by Inside Real Estate®
Year Built
AVG 1934
1967

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