119 W 39th St
- 29 fully renovated units
- Potential to add a 30th unit
- More than $2M invested in capital improvements
- New electrical, plumbing, sewer, foundation, and interiors
- Fully occupied and generating stabilized in-place income
- Proven rents and operating performance
- One block from Main Street
- Walkable to the 39th Street streetcar stop
- Historic brick construction in an established Midtown location
Property Description
119 W. 39th Street is a fully renovated 29-unit multifamily building located along the W. 39th Street corridor in the heart of Midtown Kansas City, just one block from Main Street and within walking distance of the 39th Street streetcar stop. The property has undergone a full-scale renovation with more than $2 million invested in new electrical, plumbing, sewer, foundation work, and interior improvements. The building is currently generating stabilized in-place income and provides a proven operating model for a buyer. A built-out office space provides the opportunity to add a 30th unit, offering additional upside without requiring a major structural renovation.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,500,000 |
| No. of Units: | 29 |
| Year Built: | 1925 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $120,690 |
| Property Website | Click Here |
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