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4505 Jarboe Street
Kansas City MO 64111 US

$1,488,000

Active Listing ID 2483418
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Lot: 0.25 Acres
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Other

$1,488,000

Active Listing ID 2483418
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4505 Jarboe Street Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies, newer exterior paint/lighting/siding, and parking lot at the rear providing tenants 8 off-street spaces. The 12 units at the building consists of (2) one-bedroom units and (10) two-bedroom units. The property’s location is anchored by the Country Club Plaza and Westport as well as universities (UMKC, Art Institute, Metropolitan CC), hospitals (KU Med & St. Luke's), local shops/restaurants and businesses. Over the last 10 years, ownership has completed capital expenditures including decks/railings, sliding glass doors and vinyl windows, newer roof and mansard repairs, new concrete sidewalk/stairs, and updates to landscaping. All units at the property have central air, spacious floorplans, Google Fiber, balconies/patios, ample closet space, fully equipped kitchens with stainless appliances, updated flooring, updated bathroom and individual storage lockers. Select units feature decorative fireplaces and in-unit washer/dryer (2). A secured designated laundry room is offered to tenants with coin-operated machines on a month-to-month Jetz lease. The building is separately metered for gas and electric (tenant paid) and has common water and trash (landlord paid). The two 1-bedroom units are on a master meter. The building is partially broker-owned and has 3rd party management in place. At the start of April, owner procured a new trash contract and implemented a water savings program/equipment to help reduce water expenses. Buyers could continue to manage property as-is with small incremental improvements or look to carry out enhanced make-readies on kitchens/baths and add laundry to units with RUBS implemented to maximize rents. Buyer’s looking for greater scale can package this property with 4033 Oak (MLS 2483405), a 14-unit complex in Southmoreland owned/operated by the same partnership.

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Property Features

  • Facts
  • Lot Size: 0.25 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Roof Type: Synthetic
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1488000
  • unparsedaddress: 4505 Jarboe Street
  • postalcity: Kansas City
  • stateorprovince: MO
  • country: US
  • postalcode: 64111
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2461
  • lotsizeunits: Acres
  • lotsizearea: 0.2461
  • livingareaunits: Square Feet
  • listagentfullname: Brice Bradshaw
  • listagentemail: brice.bradshaw@compass.com
  • listagentkey: 3yd-HMLSKS-BRICEB
  • listagentmlsid: BRICEB
  • listagentpreferredphone: 9132197074
  • listagentofficephone: 8162802773
  • listofficekey: 3yd-HMLSKS-CMLC
  • listofficemlsid: CMLC
  • disclaimer: Copyright © 2024 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: HMLSKS
  • yearbuilt: 1967
  • listingcontractdate: 2024-04-16
  • countyorparish: Jackson
  • parcelnumber: 30-410-24-03-00-0-00-000
  • elementaryschooldistrict: Kansas City Mo
  • middleorjuniorschooldistrict: Kansas City Mo
  • highschooldistrict: Kansas City Mo
  • constructionmaterials: Brick, Brick Veneer, Wood Siding
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 8
  • parkingfeatures: Offsite
  • roof: Synthetic
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 5/9/2024 7:56:47 PM GMT
Source Updated Date: 5/18/2024 6:49:54 AM GMT

Courtesy of: Brice Bradshaw, Compass Realty Group, brice.bradshaw@compass.com

Copyright © 2024 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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