2729 Campbell St, Kansas City, MO 64109
16 Unit Apartment Building | $1,550,000 ($96,875/Unit) | Kansas City, MO 64109
For Sale
Active
20 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $1,550,000
- Property Type
-
Multifamily
- Square Feet
- 11,000 SF
Listing Contacts
Michelle Lutz
Verified Profile
Lee Ripma
Verified Profile
- Property Info
Property Overview
The Campbell Apartments is a prime investment opportunity in a growing location with strong tenant demand. Located in the Longfellow neighborhood locally called “Hospital Hill” there is new construction all around this charming brick building. Investment dollars are pouring into this neighborhood with new construction all around this property. Single-family homes sell for 600k+ in the neighborhood.
The building unit mix is eight one-bedroom and eight studio units. Renovated units feature quartz countertops, along with a modern color pallet and new appliances. The floors are either refinished original hardwoods or new LVP. There are common coin-operated laundry machines in the basement. The new owner would have the option of adding in-unit washer-dryer.
Residents often work or are training in one several of the area’s hospitals just a short few short blocks north of the property, hence the neighborhood name Hospital Hill. These include Truman Medical Center Hospital, The UMKC Schools of Medicine, Nursing, Pharmacy, and Dentistry, along with Children’s Mercy. Additionally, the property is close to public transportation, dining, parks, and the train station.
Why We Love It: The tenant demand at this location is very high and with new construction SFH all around and hospitals nearby.
The Challenge: Smaller units, mix of studios and 1-bedrooms. Although units are on the smaller size it really works in this central location with so many medical students.
The Value Add Play: Consider adding in-unit laundry and renovate the remaining eight units as leases come due to achieve a rental premium.
The building unit mix is eight one-bedroom and eight studio units. Renovated units feature quartz countertops, along with a modern color pallet and new appliances. The floors are either refinished original hardwoods or new LVP. There are common coin-operated laundry machines in the basement. The new owner would have the option of adding in-unit washer-dryer.
Residents often work or are training in one several of the area’s hospitals just a short few short blocks north of the property, hence the neighborhood name Hospital Hill. These include Truman Medical Center Hospital, The UMKC Schools of Medicine, Nursing, Pharmacy, and Dentistry, along with Children’s Mercy. Additionally, the property is close to public transportation, dining, parks, and the train station.
Why We Love It: The tenant demand at this location is very high and with new construction SFH all around and hospitals nearby.
The Challenge: Smaller units, mix of studios and 1-bedrooms. Although units are on the smaller size it really works in this central location with so many medical students.
The Value Add Play: Consider adding in-unit laundry and renovate the remaining eight units as leases come due to achieve a rental premium.
Property Details
- Class
- C
- Year Built/Renovated
- 1925/2024
- Stories
- 2
- Lot Size (sq. ft)
- 11,326 SF
- Units
- 16
Highlights
- Fantastic Hospital Hill Location with Medical School and Hospital Complex Just Two Blocks North
- Growing Area with Lots of New Construction SFH selling for 600K+
- Half of the Units Renovated with Luxury Finish
- On-site Laundry
- On-site Parking
- New Roof and Well-Kept Brick Building
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