900 E 29th St | Kansas City, MO 64109
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900 E 29th St
Kansas City, MO 64109
The Historic Residences at Dutch Hill · Multifamily Property For Sale · 36 Units
Investment Highlights
- Amazing 3.5% Assumable Loan With +$3.2m Balance!
- Incredible Longfellow Location, Right Next To Hospital Hill!
- Fully Renovated & Turn-Key!
- Proximity to UMKC School of Medicine, Children’s Mercy, Crown Center, Truman Medical Center, and more!
Executive Summary
The Tiehen Group, Inc. is pleased to exclusively present The Historic Residences at Dutch Hill. Dutch Hill is comprised of four contiguous properties: 900 E 29th St, 910 E 29th St, 914 E 29th St and 2834 Harrison St. The properties have been fully renovated within the last 24 months and have 1 to 1 off-street parking. The key feature of this investment is the 3.5% assumable loan which has a loan balance of over $3.2m, and a maturity date of June 2029. The current unit mix is 3 – 2x2 units, 6 – 2x1 units, 15 -1x1 units and 12 – studio units.
PROPERTY FACTS Under Contract
| Price Per Unit | $133,194 | Lot Size | 0.79 AC |
| Sale Type | Investment | Building Size | 25,350 SF |
| Cap Rate | 6% | Average Occupancy | 97% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1912/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | C |
| Price Per Unit | $133,194 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 25,350 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2022 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Heating
- Hardwood Floors
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 500 |
| 1+1 | 15 | - | 690 - 700 |
| 2+1 | 6 | - | 910 |
| 2+2 | 3 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 29-810-16-34-00-0-00-000 | Improvements Assessment | $0 |
| Land Assessment | $950 | Total Assessment | $950 |
PROPERTY TAXES
Parcel Number
29-810-16-34-00-0-00-000
Land Assessment
$950
Improvements Assessment
$0
Total Assessment
$950
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