REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Aaron Clemons • Clemons Real Estate LLC
$ 4,400,000
Est. payment /mo
New
115-119 W 39th ST Kansas City, MO 64111
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Westport
MLS Listing ID 2630829
Year Built 1925
Annual Tax Amount $1,465
Acres 3.902663E-6
Property Sub-Type Apartment
Source hmls
Property Description
The Flats on 39th Street is a 60-unit, two-building portfolio positioned along the W. 39th Street corridor in the heart of Midtown Kansas City, one block off Main Street and walkable to the 39th Street streetcar stop. 58 units are in service today, with 2 more a straightforward build-out away. 119 W. 39th Street is a fully renovated, 29-unit building generating stabilized in-place income today, with over $2M invested in all-new electrical, plumbing, sewer, foundation work, and interiors, and includes a built-out office space easily converted to a 30th unit. 115 W. 39th Street is its structural twin: a 29-unit building on a separate parcel positioned for a full renovation, with a matching lobby/office space that converts to a 30th unit the same way. Because the buildings sit on individual parcels, 115 carries its own low cost basis, putting the qualified rehabilitation spend needed to access Missouri and federal historic tax credits well within reach. A buyer acquires cash-flowing real estate and a de-risked historic renovation opportunity in a single transaction, with 119 serving as a proven, working blueprint for what 115 can become.
Location
State MO
County Jackson
Zoning B3-2
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Cent Water Heater, Multi-Unit Heat/Air
Roof Type Composition
Building
Story 3
Sewer Public Sewer
Water City/Public - Verify
Structure Type Brick/Mortar
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
