4201 South Minnie Street
4201 South Minnie Street
$875,000
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Description
MAJOR PRICE REDUCTION 7 turnkey units. 100% Occupied! Minnie Ridge Apartments, next to KU Med. Exceptional investment opportunity in the heart of Kansas City, Kansas! Boasting seven units thoughtfully designed for comfort and convenience, this property offers a diverse unit mix of studio, 2BR/2BA, and 2BR/1BA. The property is a turnkey investment, ready for you to purchase, manage, and elevate rents to market rates, including the addition of a bill-back program. Exceptionally Low owner expenses....MAJOR PRICE REDUCTION 7 turnkey units. 100% Occupied! Minnie Ridge Apartments, next to KU Med. Exceptional investment opportunity in the heart of Kansas City, Kansas! Boasting seven units thoughtfully designed for comfort and convenience, this property offers a diverse unit mix of studio, 2BR/2BA, and 2BR/1BA. The property is a turnkey investment, ready for you to purchase, manage, and elevate rents to market rates, including the addition of a bill-back program. Exceptionally Low owner expenses. Completely rehabbed with upgraded electric and plumbing with in the last 10 years or so. New roof in the last 7-10 years (paperwork available), water heaters less than 5 years old. Everything in the building is 10 years old or newer. Situated near the high-demand neighborhood of KU Med, this property's outstanding location is complemented by very low owner expenses, efficiently managed through self-management currently. The apartments feature central heating and cooling, washer and dryer in all units, and essential amenities such as dishwashers (excluding studios). With recent renovations and ongoing maintenance, this property requires nothing more than rent optimization. Attracting a diverse tenant base of med students, researchers, doctors, nurses, and professionals, Minnie Ridge Apartments is a lucrative opportunity for savvy investors. This will appreciate exceptionally well due to the exploding KU Med corridor as the hospital system continues to expand and reinvest. Lenders are standing by and want to lend on this asset (see supplements). The strategic location, adjacent to the thriving 39th St entertainment district, underscores the fast-appreciating value of this investment. With easy access to major arteries, including I-35, and proximity to downtown, Westport, and Country Club Plaza, Minnie Ridge Apartments offers both a quiet, vibrant community atmosphere and the potential for substantial returns.
- Listed by Alex Olson • XChangeCRE • 816-591-0825
Property Details for 4201 South Minnie Street
Zoning
MF
Location
LISTING UPDATED: 04/22/2024 07:15 PM
Property Details for 4201 South Minnie Street
Status | Active |
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MLS # | 2469249 |
Days on Market | 101 |
Taxes | $7,800 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1960 |
County | Wyandotte County |
Location
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Building Information for 4201 South Minnie Street
Building/Complex4201 S Minnie StFloor-Stories3Residences7Pet Policy-Year Built1960Building Size-
Payment Calculator
$5,425 per month
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Property Information for 4201 South Minnie Street
Property History for 4201 South Minnie 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 4201 South Minnie Street
Taxable ValueLand$4,592Additions$43,363Total$47,955
Tax Record2023$7,789 ($649 / month)
Home Facts
Total Finished SqFt3,874 SqFtAbove Grade Finished SqFt3,874 SqFtStories2Lot Size7,187 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyWYANDOTTEAPN112410
Schools near 4201 South Minnie Street
This home is within Kansas City School District.
Rating | School | Type | Grades | Distance |
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Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Frank Rushton Elementary School PublicPK to 5 | ||
Rosedale Middle School Public6 to 8 | ||
J C Harmon High School Public9 to 12 | ||
Gateway to College Public9 to 12 |
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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