Kansas City, MO 64117 4651 NE Antioch Road
$1,795,000
11 more
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Home Details
PRICE DROP - BRING OFFERS - 26 units. twenty 1BR, five Studios, and one 2BR 1Ba. Laundry in lower level of building. Execute business plan to achieve nearly a 9% cap rate. Units have been remodeled over time. Appliances replaced as needed. Class A location with broad appeal due to it's economic benefits. Unique micro location. Located in a private park-like setting surrounded by playfields. Exceptional highway access to everything in Kansas City. Amazing transportation channels - located next to main arteries of travel throughout KC and Northland. Within minutes of restaurants, grocery store, and entertainment. Fantastic price per unit. Located in coveted area north of the river, strongest growing sub market in KC metro. Ability to push rents further on lease up as units turn (see rent study). Highly desirable assets in KC in this location creates forced appreciation. Continue to make the building nicer over time or right away to maximize building potential. Although RUBS program is in place, improve water conservation with low flow toilets or similar as units turn and upgrade common area lighting to LED to lower utility bills. No seller financing or loan assumption.
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Interior Features for 4651 NE Antioch Road
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)Yes
Total Stories2
Unit Type1 Bedroom, 2 Bedroom, Efficiency
General for 4651 NE Antioch Road
AppliancesRefrigerator, Built-In Electric Oven
Assoc Fee Paid PerNone
CityKansas City
Construction MaterialsOther
CoolingElectric, Window Unit(s)
CountyClay
DirectionsTake I 35 toward N Kansas City. Exit to NE Antioch Rd. located on right between NE 46th Terrace and NE 47th street.
Garage Y/NNo
HMS_MaintenanceProvidedYNNo
HOANo
HOA Fee$
HeatingElectric, Other
High School DistrictNorth Kansas City
In Flood PlainNo
Listing TermsCash, Conventional, 1031 Exchange
Lot Size Square Feet26000
Lot Size UnitsSquare Feet
MLS Area101 - North Kansas City (31st St North)
Number Of Units Total26
Property SubtypeApartment
Property TypeResidential Income
Public RemarksPRICE DROP - BRING OFFERS - 26 units. twenty 1BR, five Studios, and one 2BR 1Ba. Laundry in lower level of building. Execute business plan to achieve nearly a 9% cap rate. Units have been remodeled ove
RoofOther
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNone
UtilitiesCent Water Heater, Ind Heat And Air, Ind Water Heaters, Multi-Unit Heat/Air, Separate Meters
Virtual TourClick here
Virtual TourClick here
Year Built1975
ZoningR-MF
Exterior for 4651 NE Antioch Road
Lot Size Area26000
Parking FeaturesOff Street
Road Surface TypePaved
Total Parking30
Water SourcePublic
Additional Details
Price History
Ryan Orr
Associate
