4505 Jarboe Street
Kansas City,
MO
64111
Property Details
| List Price: |
$1,488,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Pending |
SqFt: |
-- |
| Agency: |
Compass |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
MultiFamily |
| Year Built: |
1967 |
| Notes: |
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. <br />
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. <br />
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. |
| MlsNumber: |
2483418 |
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| Listing Provided By: |
Compass, original listing |
| Name: |
Compass |
| Phone: |
(816) 280-2773 |
| Office Name: |
Compass Realty Group |
| Office Phone: |
(816) 280-2773 |
| Agent Name: |
Brice Bradshaw |
| Disclaimer: |
Copyright © 2024 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
