MO > Kansas City > Holmes Gardens
Kansas City, MO 64131,809 Bannister RD
Kansas City, MO 64131,809 Bannister RD
Kansas City, MO 64131,809 Bannister RD
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Listed by Alex Olson • Legendary Apartment Brokers
$780,000
Est. payment /mo
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7,500 Acres Lot
Active

809 Bannister RD Kansas City, MO 64131

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Mike Grbic

Mike Grbic

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Key Details

Property Type Multi-Family

Sub Type Package of Properties

Listing Status Active

Purchase Type For Sale

Subdivision Holmes Gardens

MLS Listing ID 2543186

Originating Board hmls

Year Built 1955

Annual Tax Amount $5,034

Lot Size 7500.000 Acres

Acres 7500.0

Property Sub-Type Package of Properties

Property Description

Outstanding multifamily opportunity in South Kansas City featuring FOUR contiguous DUPLEXES, totaling EIGHT (8) units. Each unit offers two bedrooms, one bathroom, a two-story layout with bedrooms and bath upstairs, and original hardwood floors in most rooms. These units feel MUCH larger than 850 SQ FT. All units have washer and dryer hookups, central heating and cooling, and locations for a stove and refrigerator. The off-street parking in the rear is rare for the area offering investors unique privacy for their tenants. Two buildings have newer siding, and roofs and HVAC systems have been replaced as needed over time (see details sheet). Utilities are separately metered for each unit, with tenants paying all services except water and sewer; trash is currently included with water/sewer, providing a future opportunity to charge tenants for both. Three (3) units are occupied by paying month-to-month tenants, while the remaining units are in process of being cleaned out and ready for a new owner to get to work. This location is highly sought after due to excellent access to major employers, grocery, restaurants, and retail along Bannister Road, a key artery in South Kansas City. As the city continues to grow outward from the urban core, rental rates in this area have seen steady increases. Significant upside remains through renovating vacant units to market-level finishes, and the potential to add half bathrooms on the main floor. Ideal for investors seeking a value-add opportunity with strong rent growth potential and minimal owner expenses when fully occupied. See supplements for tons of additional details. Seller is selling AS-IS and won't make repairs or concessions.

Location

State MO

County Jackson

Zoning MF

Interior

Heating Natural Gas

Cooling Electric

Fireplace N

Appliance Refrigerator, Gas Range

Laundry Inside

Exterior

Exterior Feature Private Entrance

Parking Features false

Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters

Roof Type Composition

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Board & Batten Siding,Frame

Schools

School District Center

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Heartland MLS KS / Southeast Kansas AOR

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