Georgia Apartments

5208 Independence Avenue, Kansas City, MO

$660,000

Summary

Property Type:
Multifamily
Number of Units:
12
Total Lot Size:
.19 Acres
Year Built:
1923

Overview

The Georgia Apartments are located in the Historic Northeast of Kansas City. The property is uniquely situated within a ten-minute drive of downtown Kansas City and has convenient access to major highways and interstates. Ownership has invested in major CapX updates recently but leaves room for value-add opportunities for buyers. This asset was recently stabilized and is 100% occupied. With voucher tenants in place, this property will provide guaranteed cash flow from day one.

Highlights

  • Value-Add Opportunity
  • Less than 10 Minutes to Kansas City's Entertainment District
  • As-Is Cap Rate of 8.15%
  • Major CapX Recently Updated
  • 100% Occupied

Documents

Richard Redding

Investment Commercial Sales
434-465-0265rredding@amg-cr.com

Colton Howell

Investment Commercial Sales
913-229-4070chowell@amg-cr.com

Catie Sullivan

Brokerage Operations Specialist
816-666-8662csullivan@amg-cr.com

OFFICE ADDRESS

Asset Management Group
5600 W 95th Street, Suite 307
Overland Park, KS 66207

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