4033 Oak Street
4033 Oak Street
$1,736,000
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Listed By Compass
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.
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
Property Details for 4033 Oak Street
Zoning
R-2.5
Location
LISTING UPDATED: 05/09/2024 05:05 PM
Property Details for 4033 Oak Street
Status | Active |
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MLS # | 2483405 |
Days on Market | 36 |
Taxes | $13,810 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1960 |
County | Jackson County |
Location
Building Information for 4033 Oak Street
Building/Complex4033 Oak StFloor-Stories3Residences14Pet Policy-Year Built1960Building Size-
Payment Calculator
$10,625 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4033 Oak Street
Property History for 4033 Oak 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 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 |
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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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