4033 Oak Street

Kansas City, MO 64111

$1,820,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Well-maintained 14-unit garden style apartment complex just south of the Plexpod in a historic Southmoreland neighborhood. Stands 3-stories with updated balconies, newer exterior paint and parking lot at the rear providing tenants 10 off-street spaces (recently sealed). The 14 units consists of studios (1), one-bedroom units (2), two-bedroom units (9) and three-bedroom units (2). The property’s location is anchored by the Arts District as well as universities, hospitals, local shops/restaurants and...Well-maintained 14-unit garden style apartment complex just south of the Plexpod in a historic Southmoreland neighborhood. Stands 3-stories with updated balconies, newer exterior paint and parking lot at the rear providing tenants 10 off-street spaces (recently sealed). The 14 units consists of studios (1), one-bedroom units (2), two-bedroom units (9) and three-bedroom units (2). 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.
Over the last 10 years, ownership has completed capital expenditures including decks/railings, new sliding glass doors and vinyl windows, updated landscaping, siding repairs, gutter and fascia repairs, concrete flatwork and updates to appliances and counter surfaces (select units). All units at the property have central air, spacious floorplans, Google Fiber, ample closet space, fully equipped kitchens, LVT flooring and carpet in bedrooms. 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 building is partially broker owned and has 3rd party management in place.
At the start of April, owner implemented a water savings program/equipment to help reduce water expenses. The asset is appealing to both the stabilized and value-add investor. 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 4505 Jarboe (MLS:2483418), a 12-unit complex in West Plaza owned/operated by the same partnership.

Listing Agents

  1. Parker Beck

    Parker Beck

    Alternative Listing Agent

    Compass

Property Details for 4033 Oak Street

Zoning
R-2.5
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LISTING UPDATED: 04/16/2024 05:41 PM

Property Details for 4033 Oak Street

StatusActive
MLS #2483405
Days on Market15
Taxes$13,810 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1960
CountyJackson County
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Building Information for 4033 Oak Street

Building/Complex4033 Oak StFloor-Stories3Residences14Pet Policy-Year Built1960Building Size-

Payment Calculator

$11,083 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,932

Property Taxes

$1,151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4033 Oak Street

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: From Main Street head east on 41st. Turn left on Oak St (one-way). Building will be on east side of street.
  • Latitude: 39.053441
  • Longitude: -94.581287
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Postal Code: 64111
  • State Or Province: MO
  • Subdivision Name: Southmoreland
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $13,810.00
  • Parcel Number: 30-240-07-12-01-0-01-099
  • Tax Annual Amount: $13,810.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Street
  • Parking Total: 10.0
Property
Lot Information
  • Building Area Total: 15225.0
  • Lot Size Area: 12,880.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 12,880.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick Veneer, Wood Siding
  • Documents Available: Financial Details
  • Documents Count: 1
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: OAK ROSE CONDOMINIUM UNITS A THRU M
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 25
  • Year Built: 1960
Utilities
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: Optional
  • Roof: Composition
Interior Features
  • Basement YN: No
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,2 Bedroom,3 Bedroom,Other Unit
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 14
Income & Expenses
  • Gross Income: $144,014.00
  • Maintenance Provided YN: 0
  • Operating Expense: $77,062.00
  • Operating Expense Includes: Accounting, Advertising, Legal, Maintenance, Other, Insurance, Property Mgmt, Real Estate Tax, Refuse Collection, Water/Sewer, Supplies
Unit 1
  • Unit Type Unit SQFT: 1575
  • Unit Type Baths Total: 2
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 2
Unit 2
  • Unit Type Unit SQFT: 975
  • Unit Type Baths Total: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 9
Unit 3
  • Unit Type Unit SQFT: 750
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Unit SQFT: 375
  • Unit Type Baths Total: 1
  • Unit Type Type: Studio
  • Unit Type Units Total: 1
Rental
Rent Information
  • Current Occupancy Rate: 80-90%
  • Deposit: National Secured Title
  • Existing Lease Terms: One Year Lease

Property History for 4033 Oak 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 4033 Oak Street

Taxable ValueLand$475Additions-Total$475
Home Facts
Lot Size12,632 SqFtStyleMiscellaneous CommercialCountyJACKSONAPN30-240-07-12-01

Schools near 4033 Oak 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.

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4033 Oak Street is a multi-family home for sale in Kansas City, MO 64111. This property was listed for sale on April 16, 2024 by Compass, it's currently listed at $1,820,000. It has been on the market for a total of 15 days and was last sold on June 15, 2001. This listing's school district is Kansas City 33 School District. Nearby schools include Longfellow Elementary School, Central Middle School and Central High School. 4033 Oak Street is a 0-bed, 0-bath, multi-family home built in 1960.

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.