109 East 40th Street

Kansas City, MO 64111

$2,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Brentwood Plaza is a stately, low-rise 30-unit apartment complex situated just off Main Street in a historic neighborhood near the Nelson-Atkins Museum, the Kemper Museum of Contemporary Art and the Kansas City Art Institute. The brick exterior building stands 3-stories with newer vinyl windows, TPO roof and parking lot on the west side providing tenants 12 off-street spaces. The building is comprised of 18 studio units with an approximate unit size of 390 square-feet (+/-) and 12 1-bed/1-bath units...Brentwood Plaza is a stately, low-rise 30-unit apartment complex situated just off Main Street in a historic neighborhood near the Nelson-Atkins Museum, the Kemper Museum of Contemporary Art and the Kansas City Art Institute. The brick exterior building stands 3-stories with newer vinyl windows, TPO roof and parking lot on the west side providing tenants 12 off-street spaces. The building is comprised of 18 studio units with an approximate unit size of 390 square-feet (+/-) and 12 1-bed/1-bath units with an approximate unit size of 465 square-feet (+/-). Built in 1924, 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. The extension starts in the Crossroads at Union Station and continues south to UMKC at 51st and will be completed in 2025. The building is currently owner-operated with a history of high occupancy. Current ownership acquired Brentwood in April of 2023 and has made significant progress in raising rents 25%+ through moderate make-readies, updates to the common area hallways/stairwells (paint, flooring & fixtures) and the implementation of utility fees to 80% of the units ($55). Other major expenditures include a 30th unit being put back into service (previously laundry room) with more modern finishes, a new sewer line section and updates to all plumbing valves. All units at the property have window units for cooling and radiator heat, mostly hardwood floors (some LVT), functional floorplans, good closet space, vinyl windows and keycode entry. The building is separately metered for electric and is on a common gas boiler.

Listing Agents

  1. Parker Beck

    Parker Beck

    Alternative Listing Agent

    Compass

Property Details for 109 East 40th Street

Zoning
R-1.5

Location

Add your commute
LISTING UPDATED: 04/23/2024 10:05 AM

Property Details for 109 East 40th Street

StatusActive
MLS #2484685
Days on Market12
Taxes$10,575 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1924
CountyJackson County

Location

Add your commute

Building Information for 109 East 40th Street

Building/Complex109 E 40th StFloor-Stories3Residences30Pet Policy-Year Built1924Building Size-

Payment Calculator

$12,615 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$881

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 109 East 40th Street

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: See offering memorandum in supplement for more info. Occupied rental property with 3rd party management. Listing agent and/or management must be present for tours. No BrokerBay. Please call agents for questions or information on tours. Currently, showings will be confined to business hours Monday-Friday (9-5PM). 24 hours notice needed.
  • Latitude: 39.053964
  • Longitude: -94.584763
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Postal Code: 64111
  • State Or Province: MO
  • Subdivision Name: Other
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $10,575.00
  • Parcel Number: 30-230-27-03-01-0-00-000
  • Tax Annual Amount: $10,575.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Street
  • Parking Total: 12.0
Property
Lot Information
  • Lot Size Area: 9,888.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 9,888.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick
  • Documents Available: Financial Details
  • Documents Count: 2
  • Age Description: 76-100 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: GRAND AVENUE HIGHLAND----PT LOTS 15 & 16 DAF: BEG AT NW COR SD LOT 16 TH ELY 50' E TO TRU POB TH S 8 TH N 02 DEG 42 MIN 38 SEC E 100' MOL TH N 87 DEG 17 MIN 22 SEC W 50' TH N 02 DEG 42 MIN 38 SEC W 50'
  • Special Documents Required YN: 0
  • Type Of Management: Owner Manager
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 28
  • Year Built: 1924
Utilities
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Laundry Features: In Basement
  • Roof: Synthetic
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,Other Unit
  • Cooling: Window Unit(s)
  • Central Air YN: No
  • Heating: Hot Water, Radiant
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 30
Income & Expenses
  • Gross Income: $.00
  • Maintenance Provided YN: 0
  • Operating Expense: $.00
  • Operating Expense Includes: Other
Unit 1
  • Unit Type Unit SQFT: 465
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 12
Unit 2
  • Unit Type Unit SQFT: 390
  • Unit Type Baths Total: 1
  • Unit Type Type: Studio
  • Unit Type Units Total: 18
Rental
Rent Information
  • Current Occupancy Rate: 80-90%
  • Deposit: Security 1st Title
  • Existing Lease Terms: One Year Lease

Property History for 109 East 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 109 East 40th Street

Taxable ValueLand$2,451Additions$89,509Total$91,960
Tax Record2021$8,182 ($682 / month)
Home Facts
Total Finished SqFt5,421 SqFtAbove Grade Finished SqFt5,421 SqFtStories3Lot Size9,888 SqFtStyleMulti-Family Res (5+ Units)Year Built1924CountyJACKSONAPN30-230-27-03-01

Schools near 109 East 40th Street

This home is within Kansas City 33 School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

109 East 40th Street is a multi-family home for sale in Kansas City, MO 64111. This property was listed for sale on April 23, 2024 by Compass, it's currently listed at $2,150,000. It has been on the market for a total of 12 days and was last sold on June 27, 2007. This listing's school district is Kansas City 33 School District. Nearby schools include Longfellow Elementary School, Central Middle School and Central High School. 109 East 40th Street is a 0-bed, 0-bath, multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.