Harrison Haus

Lutz Sales + Investments is pleased to present Harrison Haus, a 43-unit multifamily investment opportunity anchored in Kansas City’s Longfellow/Union Hill corridor — immediately east of Crown Center and Hospital Hill, and steps from the beloved Martini Corner dining district. Built in 1926, the classic all-brick building offers an attractive mix of 43 units along with a 30-spot dedicated parking lot, individually metered electric, central HVAC, RUBS utility reimbursements, and on-site laundry.

The building offers24 studios and 19 one-bedroom residences, unit types that rent up well in this walkable location so close to transit and in the heart of the City. All capital expenses have been done, including roof, electrical, and windows. The property currently boasts a high in place cap rate along with future upside in rental rates.

Adding to the investment appeal is exceptionally attractive assumable financing at a 3.22% interest rate, providing a rare opportunity to acquire a well-located Midtown asset with both immediate cash-flow and long-term value creation.

Why We Love It: The assumable 3.22% loan maturing in 2031 offers a substantial cash-flow advantage to originating new debt in 2026. The 31st St/Union Hill KC Streetcar stop has been open for nearly a year — connecting residents car-free to Downtown, Crossroads, Crown Center, Midtown, Westport, the Plaza, and UMKC. Studios and
compact one-bedrooms rent perfectly to the urban tenant this location attracts.

The Challenge: Units will always be studios + one beds. Some units have not had a full luxury renovation yet and will need to be rehabbed as tenants turn.

The Value-add Play: Get all units up to market rent. Continue luxury renovations as units turn — three have been done, proving the rent potential. Consider adding in-unit laundry at renovation time to command a premium.