3516 Central St - Naples & Venice Apartments
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3516 Central St - Naples & Venice Apartments
14 Unit Apartment Building Offered at $1,399,000 in Kansas City, MO 64111
Investment Highlights
- Incredible Value-add Potential
- Extra Large 1,000 SF Two Bedrooms (in 12 Units)
- Original Hardwood Floors and Historic Character
- Heart of Midtown – Walkable Hanover Park Neighborhood
- On-site Laundry Facilities with space to Add In-unit
- Large Front and Back Balconies
Executive Summary
Own a piece of Kansas City history with these side-by-side Colonnade buildings – the Naples and the Venice. Originally built in 1911 and well-cared for since. The current owner has operated them for them personally for the last 45 years. This creates a once in a lifetime opportunity to realize an income upside of over $400/unit/mo. Both buildings have six 1,000 SF upper units with two bedrooms, one large bathroom, and a large private front and shared back balcony. Additionally, each building has a one-bedroom unit in the basement. The large units have original hardwood floors and tons of natural light streaming in the recently replaced windows. The heat comes from brand new boiler systems while window units are used to cool in the summer. Parking is on the street, but with a walk score of 85, residents can walk to the gym and coffee shop, along with nearby bars and restaurants. Located near the new streetcar, multiple hospitals and universities, this location is in the heart of all the midtown activity. Residents enjoy the convenience of on-site laundry facilities but plenty of space to add in unit laundry at time of renovation. Seize this opportunity to own a piece of history with a future full of potential!
Property Facts
Price | $1,399,000 | Lot Size | 0.29 AC |
Price Per Unit | $99,929 | Building Size | 13,170 SF |
Sale Type | Investment | Average Occupancy | 78% |
No. Units | 14 | No. Stories | 3 |
Property Type | Year Built | 1911 |
Price | $1,399,000 |
Price Per Unit | $99,929 |
Sale Type | Investment |
No. Units | 14 |
Property Type | |
Lot Size | 0.29 AC |
Building Size | 13,170 SF |
Average Occupancy | 78% |
No. Stories | 3 |
Year Built | 1911 |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1 | 12 | - | - |
Studios | 2 | - | - |
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
Parcel Number | 30-220-08-11-00-0-00-000 | Improvements Assessment | $42,921 |
Land Assessment | $3,762 | Total Assessment | $46,683 |
PROPERTY TAXES
Parcel Number
30-220-08-11-00-0-00-000
Land Assessment
$3,762
Improvements Assessment
$42,921
Total Assessment
$46,683
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3516 Central St - Naples & Venice Apartments
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