1114 E Armour Blvd Kansas City, MO 64109

Listing details for 1114 E Armour Blvd, Kansas City, MO 64109 : Seasoned multi-family building consisting of (9) one, two and three bedroom units located within the Midtown Market. Spacious units, with balconies and off-street parking. Some of the 3 bedroom units have 2 bathrooms. Plumbing and electric are newer and in great condition. The property has a proven history and stays fully occupied in its current condition. Adjacent to MAC Properties redevelopment project at Armour & Troost. 10 Unit that is adjacent has been purchased and is under renovations for high rents. Cap Rate is based on $15k a unit in retrofit cost with raised rents of $600 1BR, $800 2BR, and $1000 3BR Unfinished basement also has the potential for uses such as a storage area or gym as there is plenty of space with high ceilings.