109 East 40th Street
109 East 40th Street
$2,150,000
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Listed By Compass
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
Property Details for 109 East 40th Street
Zoning
R-1.5
Location
LISTING UPDATED: 04/23/2024 10:05 AM
Property Details for 109 East 40th Street
Status | Active |
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MLS # | 2484685 |
Days on Market | 29 |
Taxes | $10,575 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1924 |
County | Jackson County |
Location
Building Information for 109 East 40th Street
Building/Complex109 E 40th StFloor-Stories3Residences30Pet Policy-Year Built1924Building Size-
Payment Calculator
$12,615 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 109 East 40th Street
Property History for 109 East 40th 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 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 |
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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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