4505 Jarboe Street
4505 Jarboe Street
$1,488,000
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Listed By Compass
Pending
Description
Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies, newer exterior paint/lighting/siding, and parking lot at the rear providing tenants 8 off-street spaces. The 12 units at the building consists of (2) one-bedroom units and (10) two-bedroom units. The property’s location is anchored by the Country Club Plaza and Westport as well as universities (UMKC, Art Institute, Metropolitan CC), hospitals (KU Med & St. Luke's),...Well-maintained 12-unit garden style apartment complex in West Plaza neighborhood. Building stands 3-stories with modern glass balconies, newer exterior paint/lighting/siding, and parking lot at the rear providing tenants 8 off-street spaces. The 12 units at the building consists of (2) one-bedroom units and (10) two-bedroom units. The property’s location is anchored by the Country Club Plaza and Westport as well as universities (UMKC, Art Institute, Metropolitan CC), hospitals (KU Med & St. Luke's), local shops/restaurants and businesses.
Over the last 10 years, ownership has completed capital expenditures including decks/railings, sliding glass doors and vinyl windows, newer roof and mansard repairs, new concrete sidewalk/stairs, and updates to landscaping. All units at the property have central air, spacious floorplans, Google Fiber, balconies/patios, ample closet space, fully equipped kitchens with stainless appliances, updated flooring, updated bathroom and individual storage lockers. Select units feature decorative fireplaces and in-unit washer/dryer (2). 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 two 1-bedroom units are on a master meter. The building is partially broker-owned and has 3rd party management in place.
At the start of April, owner procured a new trash contract and implemented a water savings program/equipment to help reduce water expenses. 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 4033 Oak (MLS 2483405), a 14-unit complex in Southmoreland owned/operated by the same partnership.
Over the last 10 years, ownership has completed capital expenditures including decks/railings, sliding glass doors and vinyl windows, newer roof and mansard repairs, new concrete sidewalk/stairs, and updates to landscaping. All units at the property have central air, spacious floorplans, Google Fiber, balconies/patios, ample closet space, fully equipped kitchens with stainless appliances, updated flooring, updated bathroom and individual storage lockers. Select units feature decorative fireplaces and in-unit washer/dryer (2). 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 two 1-bedroom units are on a master meter. The building is partially broker-owned and has 3rd party management in place.
At the start of April, owner procured a new trash contract and implemented a water savings program/equipment to help reduce water expenses. 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 4033 Oak (MLS 2483405), a 14-unit complex in Southmoreland owned/operated by the same partnership.
Listing Agents
Property Details for 4505 Jarboe Street
Zoning
R-1.5
Location
LISTING UPDATED: 05/30/2024 04:13 PM
Property Details for 4505 Jarboe Street
Status | Pending |
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MLS # | 2483418 |
Days on Market | 43 |
Taxes | $10,588 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1967 |
County | Jackson County |
Location
Building Information for 4505 Jarboe Street
Building/Complex4505 Jarboe StFloor-Stories3Residences12Pet Policy-Year Built1967Building Size-
Payment Calculator
$9,003 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4505 Jarboe Street
Property History for 4505 Jarboe Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4505 Jarboe Street
Taxable ValueLand$21,736Additions$113,696Total$135,432
Tax Record2023$10,588 ($882 / month)
Home Facts
Total Finished SqFt4,092 SqFtAbove Grade Finished SqFt4,092 SqFtStories1Lot Size10,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1967CountyJACKSONAPN30-410-24-03
Schools near 4505 Jarboe Street
This home is within Kansas City 33 School District.
Rating | School | Type | Grades | Distance |
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Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
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Longfellow Elementary School PublicPK to 6 | ||
Central Middle School Public7 to 8 | ||
Central High School Public9 to 12 | ||
Foreign Language Academy PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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