FOR SALE0.3 ACRES
Local Information
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Description
Well-maintained 14-unit garden style apartment complex just south of the Plexpod in a historic Southmoreland neighborhood. Stands 3-stories with updated balconies, newer exterior paint and parking lot at the rear providing tenants 10 off-street spaces (recently sealed). The 14 units consists of studios (1), one-bedroom units (2), two-bedroom units (9) and three-bedroom units (2). The property’s location is anchored by the Arts District as well as universities, hospitals, local shops/restaurants and businesses. It is well positioned to take advantage of its location next to multiple stops on Main (39th, 43rd, & 45th) of the KC Streetcar extension line.
Over the last 10 years, ownership has completed capital expenditures including decks/railings, new sliding glass doors and vinyl windows, updated landscaping, siding repairs, gutter and fascia repairs, concrete flatwork and updates to appliances and counter surfaces (select units). All units at the property have central air, spacious floorplans, Google Fiber, ample closet space, fully equipped kitchens, LVT flooring and carpet in bedrooms. A secured designated laundry room is offered to tenants with coin-operated machines on a month-to-month Jetz lease. The building is separately metered for gas and electric (tenant paid) and has common water and trash (landlord paid). The building is partially broker owned and has 3rd party management in place.
At the start of April, owner implemented a water savings program/equipment to help reduce water expenses. The asset is appealing to both the stabilized and value-add investor. Buyers could continue to manage property as-is with small incremental improvements or look to carry out enhanced make-readies on kitchens/baths and add laundry to units with RUBS implemented to maximize rents. Buyer’s looking for greater scale can package this property with 4505 Jarboe (MLS:2483418), a 12-unit complex in West Plaza owned/operated by the same partnership.
Over the last 10 years, ownership has completed capital expenditures including decks/railings, new sliding glass doors and vinyl windows, updated landscaping, siding repairs, gutter and fascia repairs, concrete flatwork and updates to appliances and counter surfaces (select units). All units at the property have central air, spacious floorplans, Google Fiber, ample closet space, fully equipped kitchens, LVT flooring and carpet in bedrooms. A secured designated laundry room is offered to tenants with coin-operated machines on a month-to-month Jetz lease. The building is separately metered for gas and electric (tenant paid) and has common water and trash (landlord paid). The building is partially broker owned and has 3rd party management in place.
At the start of April, owner implemented a water savings program/equipment to help reduce water expenses. The asset is appealing to both the stabilized and value-add investor. Buyers could continue to manage property as-is with small incremental improvements or look to carry out enhanced make-readies on kitchens/baths and add laundry to units with RUBS implemented to maximize rents. Buyer’s looking for greater scale can package this property with 4505 Jarboe (MLS:2483418), a 12-unit complex in West Plaza owned/operated by the same partnership.
Home Highlights
Parking
10 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
13 days ago
Home Details for 4033 Oak St
Active Status |
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MLS Status: Active |
Interior Features |
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Beds & Baths Number of Bathrooms: 5 |
Appliances & Utilities Utilities: Separate MetersAppliances: Water Heater |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Number of Stories: 3 |
Exterior Features |
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Exterior Home Features Roof: Composition |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 10Parking: Off Street |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 13 |
Property Information |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Brick Veneer, Wood Siding |
Property Information Parcel Number: 30240071201001099 |
Price & Status |
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Price List Price: $1,820,000 |
Media |
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Location |
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Direction & Address City: Kansas CityCommunity: Southmoreland |
School Information High School District: Kansas City Mo |
Agent Information |
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Listing Agent Listing ID: 2483405 |
HOA |
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No HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 0.30 acres |
Offer |
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Listing Terms: Cash, Conventional, 1031 Exchange |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 2483405 |
Additional Information |
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Mlg Can ViewMlg Can Use: IDX |
Last check for updates: about 7 hours ago
Listing Provided by: Brice Bradshaw, (913) 219-7074
Compass Realty Group
Parker Beck, (913) 375-3850
Compass Realty Group
Source: HKMMLS as distributed by MLS GRID, MLS#2483405
Price History for 4033 Oak St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/16/2024 | $1,820,000 | Listed For Sale | HKMMLS as distributed by MLS GRID #2483405 |
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Comparable Sales for 4033 Oak St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.42 | Multi-Family Home | - | 12/13/23 | 3 | - | ||
0.27 | Multi-Family Home | - | 04/19/24 | 3 | - | ||
0.25 | Multi-Family Home | - | 10/13/23 | 3 | - | ||
0.23 | Multi-Family Home | - | 03/19/24 | 1 | - | ||
0.29 | Multi-Family Home | - | 07/07/23 | 2 | - | ||
0.42 | Multi-Family Home | - | 05/31/23 | 2 | - | ||
0.63 | Multi-Family Home | - | 06/09/23 | 4 | - | ||
0.51 | Multi-Family Home | - | 07/07/23 | 2 | - | ||
0.82 | Multi-Family Home | - | 06/09/23 | 3 | - | ||
0.56 | Multi-Family Home | - | 12/19/23 | 1 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Southmoreland
- David K.
- Resident
- 3y ago
"family friendly neighborhood some people think bc its westport its a rough area. but its not .....!!"
- David K.
- Resident
- 4y ago
"It's a very normal neighborhood in the daytime but it is a city after all you should always use caution."
- Mario N.
- Visitor
- 4y ago
"There is a very nice community center in Roanoke park and the park is very nice too. Can be kinda sketchy at night though"
- Monica R.
- Resident
- 4y ago
"There’s a nice old high school track that people use as a dog park, but that about it for grassy areas. "
- Jillian S.
- Resident
- 5y ago
"Shakespeare in the park is right down the street, next to two internationally know art museums and great restaurants. It’s a beautiful, artsy, diverse neighborhood full of heart. "
- Jess B.
- Resident
- 5y ago
"There are plenty of places to walk dogs in the neighborhood. There are a lot of dogs in the neighborhood, so running into other dogs is common."
- Miesha B.
- Resident
- 5y ago
"I’m temporarily stay here, but the area is ok, I’m thinking about making it a permanent stay, the people are friendly as well."
- Jessbauer88
- Resident
- 6y ago
"I’ve lived in this neighborhood for a year and have absolutely loved it. Everyone is very friendly. Especially the cat that lives across the street. :)"
- jksk991
- 10y ago
"This neighborhood is at a prime location right in the cultural heart of the city...by the Nelson-Atkins, Kemper, KCAI, Stowers Institute, Kauffman Foundation and UMKC. Oh...and the Country Club Plaza is a short walk away. Rockhill is rich with history and is closeknit. The only drawbacks might be ...even though it is a prime location for the mentioned cultural spots...it is right on the edge of a high crime area and I'm unsure of the public school district"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Brice Bradshaw, Compass Realty Group
Based on information submitted to the MLS GRID as of 2024-01-26 09:44:00 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. Click here for more information
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
4033 Oak St, Kansas City, MO 64111 is a studio, 5 bathroom multi-family built in 1960. 4033 Oak St is located in Southmoreland, Kansas City. This property is currently available for sale and was listed by HKMMLS as distributed by MLS GRID on Apr 16, 2024. The MLS # for this home is MLS# 2483405.