South Plaza Apartments

  • $1,900,000
Featured Sold
5047 Wyandotte St, Kansas City, MO 64112
  • Apartment
  • Property Type
  • 12
  • Rooms
  • 10,800
  • Sq Ft
  • 1950
  • Year Built
Featured Sold
5047 Wyandotte St, Kansas City, MO 64112
  • $1,900,000

Overview

  • Apartment
  • Property Type
  • 12
  • Rooms
  • 10,800
  • Sq Ft
  • 1950
  • Year Built

Description

Welcome to modern living in the South Plaza Apartments located in one of the most coveted neighborhoods in all of Kansas City – South Plaza. This location is highly walkable to Whole Foods, shopping, coffee, and entertainment. It is also within minutes to Colleges and Universities including UMKC, Rockhurst, and the KC Art Institute. This building offers comfort and style for all tenants with an even mix of spacious 2 and 1 Bed units with a luxury finish including stainless steel appliances and private balconies. Residents love the in-unit washer dryer.

Residents are responsible for all utilities except water and trash, keeping owner expenses low. 100% rehabbed with all capex done including plumbing, electrical, windows, exteriors, and roofs. Don’t miss this opportunity to experience modern living at its finest in the heart of Kansas City.

Why We Love It: All capex done and incredible in-place rent roll from day one.

The Challenge: A few units are a bit below market rent even though they are renovated. No dedicated parking lot. Easy street parking and residents do not complain about finding parking.

The Value-Add Play: Get all the units up to market rate. Consider student rentals or mid-terms furnished rentals to get already high monthly income higher.

  • Address 5047 Wyandotte St, Kansas City, MO
  • City Kansas City
  • State/county Missouri
  • Zip/Postal Code 64112
  • Country United States

Details

Updated on May 2, 2024 at 2:06 pm
  • Price: $1,900,000
  • Property Size: 10,800 Sq Ft
  • Rooms: 12
  • Bathroom: Built In 1950
  • Garages: 12 Units
  • Year Built: 1950
  • Property Type: Apartment
  • Property Status: Sold

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Michelle Lutz
  • Michelle Lutz