409 E Armour Boulevard
Property Description
Windsor Manor designed by famed architect Nelle Peters, and is listed on the Historic Register, this well maintained Hyde Park 31 unit offers fully furnished midterm rentals, with monthly rates ranging from $1500-$1900 per unit, the property is composed of 23 (1) units, and 8 studios. Positioned along Kansas City's Armour Boulevard corridor, 409 E Armour Blvd presents an opportunity to acquire a asset with strong existing income and attractive projected investment returns. Based on current underwriting, the property generates $52,700 in monthly scheduled rent, equating to $632,400 in annual gross scheduled income. Proforma/Offering Memorandum are Projections and financials for midterm rentals can be made available upon request, the current bookings will remain in place for the Seller/or new Buyer and honored.
Broker Details
Wardell & Holmes Real Estate, LLC (816) 416-7111
MLS ID: ANDREAB State License Number: 2008031950
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,100,000 |
| No. of Units: | 31 |
| Year Built: | 1924 |
| Opportunity Zone: | No |
| Price per unit: | $132,258 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-HMLSKS-2637310
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