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Naples & Venice Apartments 3516 Central St

14 Unit Block of Flats £1,094,648 (£78,189/Unit) Kansas City, MO 64111

Investment Highlights

  • Incredible Value-add Potential
  • Extra Large 1,000 SF Two Bedrooms (in 12 Units)
  • Original Hardwood Floors and Historic Character
  • Heart of Midtown – Walkable Hanover Park Neighborhood
  • On-site Laundry Facilities with space to Add In-unit
  • Large Front and Back Balconies

Executive Summary

Own a piece of Kansas City history with these side-by-side Colonnade buildings – the Naples and the Venice. Originally built in 1911 and well-cared for since. The current owner has operated them for them personally for the last 45 years. This creates a once in a lifetime opportunity to realize an income upside of over $400/unit/mo. Both buildings have six 1,000 SF upper units with two bedrooms, one large bathroom, and a large private front and shared back balcony. Additionally, each building has a one-bedroom unit in the basement. The large units have original hardwood floors and tons of natural light streaming in the recently replaced windows. The heat comes from brand new boiler systems while window units are used to cool in the summer. Parking is on the street, but with a walk score of 85, residents can walk to the gym and coffee shop, along with nearby bars and restaurants. Located near the new streetcar, multiple hospitals and universities, this location is in the heart of all the midtown activity. Residents enjoy the convenience of on-site laundry facilities but plenty of space to add in unit laundry at time of renovation. Seize this opportunity to own a piece of history with a future full of potential!

Property Facts

Price £1,094,648
Price Per Unit £78,189
Sale Type Investment
No. Units 14
Property Type Residential
Property Subtype
Apartment
  • Apartment Buildings
Apartment Style Low Rise
Building Class C
Lot Size 0.29 AC
Building Size 21,562 SF
Average Occupancy 78%
Number of Floors 3
Year Built 1911

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 12 - -
Studios 2 - -
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 30-220-08-10-00-0-00-000
  • 30-220-08-11-00-0-00-000
Land Assessment
£5,887
Improvements Assessment
£67,167
Total Assessment
£73,054
  • Listing ID: 33873968

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 3516 Central St, Kansas City, MO 64111

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