The Gabriel Apartments

535 & 537 Gladstone Blvd, 531 & 533 Gladstone Blvd, Kansas City, MO 64124.

Units: 26
Price: $1,795,000
Year built: 1929

DESCRIPTION

Two 13-unit buildings on two parcels in the historic Northeast. Solid two-story brick buildings with a value add component and great upside on rents with renovations. 

Why we love it: Gladstone Blvd. is the crown jewel of the historic northeast. There is so much growth in the area – two new coffee shops, renowned medical school expansion, and the long-awaited re-opening of the Kansas City Museum. The buzz is in the historic northeast and prices have been on a tear. 

The challenge: Half of the units still need to be rehabbed, no central air, and units will always be one bedroom / one bathroom.

 

Buyer Detail and Financials

GALLERY

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