Available For Sale - Multifamily

24,520 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
24,520 SF
Price/SF
Show Pricing $
Listing ID
SA422766
Notes
Windsor Manor is a 4-story multifamily property located along Armour Blvd. in the Hyde Park neighborhood of Kansas City, Missouri. It is ideally situated between the Crossroads/Downtown neighborhoods and the Country Club Plaza. It is located just four blocks east of the future Kansas City Streetcar extension along Main St. The property was previously used as housing for Veteran Affairs. The property is in need of significant capital improvements and updates. Ideally, the majority of the units would be best suited for high-end appliances, in-unit washer/dryers, and luxurious finishes. With plans drawn, city permits in place, and Historic Tax Credits secured, this asset represents an excellent plug-and-play opportunity for investors.



The tenant base in this corridor consists mostly of young professionals and students of UMKC. Thanks in large part to the heavy investment of Mac Properties along Armour Blvd., the projected lease rates for this property could be near the top of the market in the Midtown neighborhoods. Though unfinished, the basement could be an additional income-driver with storage opportunities for tenants or additional amenities.



In total, Windsor Manor consists of 8 studios and 23 one-bedroom units.



Highlights:

Prime Location in Hyde Park with easy access to entertainment, retail, and job centers

Federal and state historic tax credit entitlements included for additional cost

Plug-and-play development opportunity in an established corridor

Beautiful historic design with brick exterior

Plans and city permits in place

Consists of 8 studios and 23 one-bedroom units

Multiple ground-up developments nearby to reinforce the investment corridor
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Logan Freeman, Clemons Real Estate, LLC
BRE# 2017044342