1305 East Armour Boulevard

Kansas City, MO 64109

$2,290,000
Price
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Description

Introducing Yaletown Apartments featuring 27 units within a single building, each offering the perfect blend of comfort and convenience with 1-bedroom/1-bathroom units. Positioned for growth, rental rates are currently under market value by $200-$300 per unit, presenting a lucrative opportunity for increased returns. Simplifying maintenance efforts, the property boasts all units under one roof, streamlining upkeep operations. Recent capital expenditures have elevated the living experience with luxurious...Introducing Yaletown Apartments featuring 27 units within a single building, each offering the perfect blend of comfort and convenience with 1-bedroom/1-bathroom units. Positioned for growth, rental rates are currently under market value by $200-$300 per unit, presenting a lucrative opportunity for increased returns. Simplifying maintenance efforts, the property boasts all units under one roof, streamlining upkeep operations. Recent capital expenditures have elevated the living experience with luxurious granite countertops, stylish tile backsplashes, and sleek stainless-steel appliances installed in 2019. Additionally, 50% of units feature contemporary tile showers, sinks, and bathroom fixtures, enhancing both aesthetics and functionality. Energy efficiency is maximized with 80% of windows recently upgraded to vinyl, while water heaters are replaced as needed, with 50% already upgraded. Mixed flooring options including hardwood floors and carpeting add to the property's charm, while gated parking with remote control access for tenants, additional off-street parking, and laundry facilities in the basement cater to residents' convenience and security needs. Furthering the property's appeal, electronic keypad access for the front door and package room offer modern amenities for today's discerning tenants. Dating back to 1900, the building exudes a blend of tradition and modernity, offering a unique living experience.
  1. Listed by Alex Olson • XChangeCRE • 816-591-0825

Property Details for 1305 East Armour Boulevard

Zoning
R-0.5,

Location

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LISTING UPDATED: 04/24/2024 09:31 AM

Property Details for 1305 East Armour Boulevard

StatusActive
MLS #2482238
Days on Market21
Taxes$30,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1929
CountyJackson County

Location

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Building Information for 1305 East Armour Boulevard

Building/Complex1305 E Armour BlvdFloor-Stories3Residences27Pet Policy-Year Built1929Building Size-

Payment Calculator

$14,997 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,497

Property Taxes

$2,500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1305 East Armour Boulevard

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: HWY 71 to E. 35th Street. Property is located off Armour Blvd.
  • Latitude: 39.062809
  • Longitude: -94.56882
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Postal Code: 64109
  • State Or Province: MO
  • Subdivision Name: Squier Place
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $30,000.00
  • Parcel Number: 30-120-06-23-00-0-00-000
  • Tax Annual Amount: $30,000.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Street, Paved, Secured
Virtual Tour
Property
Lot Information
  • Lot Size Area: .38
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 16,552.80
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Brick
  • Documents Available: Financial Details,Management Agree
  • Documents Count: 6
  • Age Description: 101 Years/More
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 28
  • Year Built: 1929
Utilities
  • Sewer: City/Public
  • Utilities: Ind Heat And Air, Ind Water Heaters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Roof: Other
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom
  • Cooling: Electric
  • Central Air YN: No
  • Heating: Forced Air
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 27
Income & Expenses
  • Gross Income: $193,341.00
  • Maintenance Description: Building Exterior,Lawn,Snow Removal
  • Maintenance Provided YN: 0
  • Operating Expense: $134,681.00
  • Operating Expense Includes: Accounting, Legal, Maintenance, Personal Prop Tax, Property Mgmt, Real Estate Tax, Refuse Collection, Water/Sewer
Unit 1
  • Unit Type Unit Equipment: Circuit Breaker,Hot Water Heater,Refrigerator
  • Unit Type Unit Rent Includes: Refuse Collection,Sewer,Snow Removal,Water
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 27
Rental
Rent Information
  • Current Occupancy Rate: 90-95%
  • Deposit: Superior Title
  • Existing Lease Terms: Other

Property History for 1305 East Armour Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1305 East Armour Boulevard

Taxable ValueLand$3,819Additions$281,181Total$285,000
Tax Record2021$23,363 ($1,947 / month)
Home Facts
Total Finished SqFt5,200 SqFtAbove Grade Finished SqFt5,200 SqFtStories3Lot Size16,489 SqFtStyleMulti-Family Res (5+ Units)Year Built1929CountyJACKSONAPN30-120-06-23

Schools near 1305 East Armour Boulevard

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
Faxon Elementary
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

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1305 East Armour Boulevard is a multi-family home for sale in Kansas City, MO 64109. This property was listed for sale on April 11, 2024 by XChangeCRE, it's currently listed at $2,290,000. It has been on the market for a total of 21 days and was last sold on December 3, 2013. This listing's school district is Kansas City 33 School District. Nearby schools include Faxon Elementary, Central Middle School and Central High School. 1305 East Armour Boulevard is a 0-bed, 0-bath, multi-family home built in 1929.

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.

Listing Courtesy of XChangeCRE

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.