3102-3112 N 51st Ter
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3102-3112 N 51st Ter
18 Unit Apartment Building $1,800,000 ($100,000/Unit) Kansas City, KS 66104
Investment Highlights
- 18 units / 14 -2 bedrooms and 4 -1 bedroom
- 2021 new roof, stairs and decking
- Every unit contains a washer/dryer
- Currently 90% occupied
Executive Summary
SVN | The Hurst Company is excited to bring to market this 18-unit, two-story complex that is located in the heart of Kansas City, KS., at the intersection of N. 51st Ter. and Leavenworth Rd. The building backs up to an elementary school and is in close proximity to a middle and high school. The location is conveniently located near I-635 for easy access anywhere in the city. In addition, the location is within a 15-minute drive to the Legends Shopping District, NASCAR, Children's Mercy Soccer Complex, KC Live in downtown Kansas City, MO, and Zona Rosa to the north. The most recent renovations took place in 2021 which included a new roof and decking throughout the exterior of the building. This is a very desirable location and should appeal to any investor looking for upside. Per RentCafe, for the second month in a row, Kansas City, is the most sought-after city by renters.
Property Facts
| Price | $1,800,000 | Building Class | C |
| Price Per Unit | $100,000 | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 12,600 SF |
| No. Units | 18 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2021 |
| Apartment Style | Low Rise | Parking Ratio | 1.67/1,000 SF |
| Price | $1,800,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 12,600 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1967/2021 |
| Parking Ratio | 1.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 14 | - | 700 |
PROPERTY TAXES
| Parcel Number | 917626 | Improvements Assessment | $88,565 |
| Land Assessment | $6,632 | Total Assessment | $95,197 |
PROPERTY TAXES
Parcel Number
917626
Land Assessment
$6,632
Improvements Assessment
$88,565
Total Assessment
$95,197
zoning
| Zoning Code | KRP3 |
| KRP3 |
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Richard Hurst -
The Hurst Company
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3102-3112 N 51st Ter
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