Gladstone Pointe

301-307 N Gladstone Blvd. Kansas City, MO 64123

Units: 30
Price: $2,150,000
Year built: 1923


A fantastic opportunity to own 30-unit apartment units in the desirable Scarritt Renaissance neighborhood. The largely residential location is only two miles from downtown Kansas City. Investment dollars are pouring into this appreciating area. There are two new coffee shops, new commercial construction, and the historical Kansas City Museum, and the Kansas City University of Medical Biosciences less than a mile away. Two-three-story brick buildings with 15 units in each building. 25 designated parking spaces behind the property, providing a designated spot for nearly all the units. The common laundry offers additional income potential. 24 of the 30 units have undergone a down-to-the-studs renovation with all new fixtures, flooring, kitchen, and bathrooms. All major Cap Exexpenses are complete, including new roofs, plumbing, electrical, mechanical, and appliances. There remaining six unrenovated units are being turned as tenants move out. The Gladstone Pointe apartments are ideally positioned to offer solid returns for decades to come.

Buyer Detail and Financials


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