FOR SALE
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Description
MAJOR PRICE REDUCTION 7 turnkey units. 100% Occupied! Minnie Ridge Apartments, next to KU Med. Exceptional investment opportunity in the heart of Kansas City, Kansas! Boasting seven units thoughtfully designed for comfort and convenience, this property offers a diverse unit mix of studio, 2BR/2BA, and 2BR/1BA. The property is a turnkey investment, ready for you to purchase, manage, and elevate rents to market rates, including the addition of a bill-back program. Exceptionally Low owner expenses. Completely rehabbed with upgraded electric and plumbing with in the last 10 years or so. New roof in the last 7-10 years (paperwork available), water heaters less than 5 years old. Everything in the building is 10 years old or newer.
Situated near the high-demand neighborhood of KU Med, this property's outstanding location is complemented by very low owner expenses, efficiently managed through self-management currently. The apartments feature central heating and cooling, washer and dryer in all units, and essential amenities such as dishwashers (excluding studios). With recent renovations and ongoing maintenance, this property requires nothing more than rent optimization. Attracting a diverse tenant base of med students, researchers, doctors, nurses, and professionals, Minnie Ridge Apartments is a lucrative opportunity for savvy investors. This will appreciate exceptionally well due to the exploding KU Med corridor as the hospital system continues to expand and reinvest.
Lenders are standing by and want to lend on this asset (see supplements). The strategic location, adjacent to the thriving 39th St entertainment district, underscores the fast-appreciating value of this investment. With easy access to major arteries, including I-35, and proximity to downtown, Westport, and Country Club Plaza, Minnie Ridge Apartments offers both a quiet, vibrant community atmosphere and the potential for substantial returns.
Situated near the high-demand neighborhood of KU Med, this property's outstanding location is complemented by very low owner expenses, efficiently managed through self-management currently. The apartments feature central heating and cooling, washer and dryer in all units, and essential amenities such as dishwashers (excluding studios). With recent renovations and ongoing maintenance, this property requires nothing more than rent optimization. Attracting a diverse tenant base of med students, researchers, doctors, nurses, and professionals, Minnie Ridge Apartments is a lucrative opportunity for savvy investors. This will appreciate exceptionally well due to the exploding KU Med corridor as the hospital system continues to expand and reinvest.
Lenders are standing by and want to lend on this asset (see supplements). The strategic location, adjacent to the thriving 39th St entertainment district, underscores the fast-appreciating value of this investment. With easy access to major arteries, including I-35, and proximity to downtown, Westport, and Country Club Plaza, Minnie Ridge Apartments offers both a quiet, vibrant community atmosphere and the potential for substantial returns.
Home Highlights
Parking
14 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
18 days ago
Home Details for 4201 S Minnie St
Active Status |
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MLS Status: Active |
Interior Features |
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Beds & Baths Number of Bathrooms: 4 |
Appliances & Utilities Utilities: Ind Heat And AirAppliances: Dishwasher, Dryer, Refrigerator, Ind Water HeatersDishwasherDryerLaundry: Inside,Utility RoomRefrigerator |
Heating & Cooling Heating: Electric,Forced AirHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Electric |
Levels, Entrance, & Accessibility Number of Stories: 3 |
Exterior Features |
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Exterior Home Features Roof: Metal Other |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 14Parking: Assigned,Off Street |
Frontage Responsible for Road Maintenance: Public Maintained Road |
Water & Sewer Sewer: Public Sewer |
Days on Market |
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Days on Market: 18 |
Property Information |
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Year Built Year Built: 1960 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Brick & Frame, Metal Siding |
Property Information Parcel Number: 112410 |
Price & Status |
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Price List Price: $875,000 |
Location |
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Direction & Address City: Kansas CityCommunity: Lombard Pk Add |
School Information High School District: Kansas City Ks |
Agent Information |
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Listing Agent Listing ID: 2469249 |
HOA |
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No HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 7405 sqft |
Offer |
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Listing Terms: Cash, Conventional, 1031 Exchange |
Compensation |
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Buyer Agency Commission: 3Buyer 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: 2469249 |
Additional Information |
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Mlg Can ViewMlg Can Use: IDX |
Last check for updates: about 13 hours ago
Listing Provided by: Alex Olson, (816) 591-0825
XChangeCRE
Source: HKMMLS as distributed by MLS GRID, MLS#2469249
Price History for 4201 S Minnie St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/13/2024 | $875,000 | PriceChange | HKMMLS as distributed by MLS GRID #2469249 |
| 01/17/2024 | $895,000 | Listed For Sale | HKMMLS as distributed by MLS GRID #2469249 |
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Comparable Sales for 4201 S Minnie St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Multi-Family Home | - | 05/24/23 | 2 | - | ||
0.26 | Multi-Family Home | - | 12/15/23 | 3 | - | ||
0.05 | Multi-Family Home | - | 04/11/24 | 1 | - | ||
0.91 | Multi-Family Home | - | 08/22/23 | 4 | - | ||
1.08 | Multi-Family Home | - | 05/10/23 | 4 | - | ||
0.89 | Multi-Family Home | - | 12/11/23 | 2 | - | ||
1.07 | Multi-Family Home | - | 11/30/23 | 2 | - | ||
0.70 | Multi-Family Home | - | 09/29/23 | 1 | - | ||
0.95 | Multi-Family Home | - | 08/30/23 | 1 | - | ||
1.33 | Multi-Family Home | - | 02/16/24 | 4 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Rosedale
- Trulia User
- Visitor
- 5mo ago
"Nice enjoy it, outside of construction there’s no issues . Nice community oriented neighborhood. I don’t know what else to say. But a bunch of words to meet requirements."
- Trulia User
- Resident
- 1y ago
"Super chill and quite neighbors look out for each other and friendly as well always see ppl walking there dogs "
- Trulia User
- Resident
- 1y ago
"The street is pretty busy area so if you don’t have a yard to let your dog out, it’s best to take for a walk instead."
- Trulia User
- Prev. Resident
- 1y ago
"Great area. Love it. Family and pet friendly. One of the best places that I have lived. Fun park in Rosedale. My son really liked it. I felt safe letting my son go for walks. "
- Marion R.
- Resident
- 3y ago
"Safe, quiet, diverse bunch. Mix of rental and owner occupied spaces. Schools are adequate and properties are maintained. Decent investment for rehab to rental. "
- Hannah K.
- Resident
- 3y ago
"They would like the park and the hiking close by. They might not like that they are close to a hospital with lots of sirens"
- Addison S.
- Resident
- 3y ago
"There are many dog owners in the area which can be a plus and a minus for other dog owners. Very dog friendly people in the area."
- Antar R.
- Resident
- 4y ago
"This is a fairly quite and neighborly area. Walks and runs are peaceful and the commute routes are easily accessible. "
- Kalli S.
- Resident
- 4y ago
"I’ve lived here for a year. It’s relatively safe. Really haven’t had any issues. You get a lot of med students, nursing students who live in the area and attend KUMC. Houses could be nicer, but that’s KCK. "
- Carnez W.
- Resident
- 4y ago
"I love this neighborhood. The people are nice. It's conveniently located, and it's right near the urban core."
- Emma C.
- Resident
- 4y ago
"It’s close to the highway to get to Overland Park it takes up to 20 minutes, it’s close to restaurants,gas stations,hotels, and very close to power and light"
- Vjonagan
- Resident
- 4y ago
"I've lived in this neighborhood for 3 years and it's really changing s lot, for the better. my only complaint is the amount of litter I constantly see on the sidewalks "
- William T. F.
- Resident
- 5y ago
"Farmers market although I have never gotten to see it I hear it there on Sundays I have never seen it driving by either or we would stop and shop farmers market"
- Megan K.
- Resident
- 5y ago
"Since it is so close to KU, you get a very diverse neighborhood. You are in a central location to a lot of fun recreational activities and many different freeways. I love this neighborhood. "
- Megan K.
- Resident
- 5y ago
"It is close to Westport, the Plaza, KU med, and I-35 highway. There are so many restaurants around and fun things to do, you’ll never get bored. "
- Ctheisen3
- Resident
- 5y ago
"Walking distance to many amazon restaurants and parks. Excellent K-5 public school (Frank Rushton). Very little through traffic. Great diversity. Five minute drive to Westport, Plaza and Downtown. "
- Lance G.
- Resident
- 5y ago
"It’s okay, I like more densely populated areas, so this is on the outside of where I want to be. It is close to nearly everything though"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Alex Olson, XChangeCRE
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.
4201 S Minnie St, Kansas City, KS 66103 is a studio, 4 bathroom multi-family built in 1960. 4201 S Minnie St is located in Rosedale, Kansas City. This property is currently available for sale and was listed by HKMMLS as distributed by MLS GRID on Apr 9, 2024. The MLS # for this home is MLS# 2469249.