3937 Kenwood Avenue

Kansas City, MO 64110

$3,075,000
Price
Beds
Baths
8,505 Sq. Ft.
$362 / Sq. Ft.
8,505
Sq. Ft.
$362
per Sq. Ft.

Description

BRAND NEW construction, Luxury 9-Unit Multifamily Property in a Coveted high end location! This prime investment features two-bedroom, two-bathroom units and is built with quality and style, featuring spacious open kitchens, modern finishes, private balconies, and breathtaking views of Gillham Park and the skyline. Every detail is crafted to appeal to renters seeking upscale living and convenience close to major Kansas City employers like H&R Block, American Century and Hallmark Cards. Kansas City’s...BRAND NEW construction, Luxury 9-Unit Multifamily Property in a Coveted high end location! This prime investment features two-bedroom, two-bathroom units and is built with quality and style, featuring spacious open kitchens, modern finishes, private balconies, and breathtaking views of Gillham Park and the skyline. Every detail is crafted to appeal to renters seeking upscale living and convenience close to major Kansas City employers like H&R Block, American Century and Hallmark Cards. Kansas City’s multifamily sector is thriving, offering steady demand and attractive returns for real estate investors. Rental growth across Kansas City has consistently outpaced the national average, and new construction properties—especially luxury units—are seeing high occupancy rates and top dollar rents. Recent data shows KC multifamily properties yielding average annual returns of 8-10%, making them an excellent addition to any portfolio. This property’s proximity to downtown Kansas City, the University of Kansas Hospital, Children’s Mercy Hospital, and Country Club Plaza ensures a steady pool of renters from various demographics, including young professionals, medical staff, and retirees. Residents will enjoy access to premier dining, shopping, and nightlife, while outdoor enthusiasts can unwind at nearby Gillham and Loose Parks. Cultural attractions like the nearby Nelson-Atkins Museum of Art add to the appeal, making this area highly desirable for both young professionals and retirees looking for a second home in KC. Designed for ease of ownership, the energy-efficient systems and high-quality construction ensure minimal maintenance, ideal for investors looking for hassle-free ownership. This luxury multifamily building blends the best of modern conveniences with a prime Kansas City location—resulting in high rental demand, low vacancy, and an attractive, sustainable income stream. Construction has just commenced and the very first tenants have started moving in.
  1. Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576

Property Details for 3937 Kenwood Avenue

Zoning
R-1.5
LISTING UPDATED: 11/18/2024 03:25 PM

Property Details for 3937 Kenwood Avenue

StatusActive
MLS #2515721
Days on Market54
Taxes$26,471 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2024
CountyJackson County

Building Information for 3937 Kenwood Avenue

Building/Complex3937 Kenwood AveFloor-Stories3Residences9Pet Policy-Pet Policy Details-Year Built2024Building Size-

Property Information for 3937 Kenwood Avenue

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: Head north on Walnut St toward E 16th St, go 0.1 mi Turn right onto Truman Rd, go 423 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.1 mi Take the exit onto US-71 S, go 2.8 mi Take the exit toward 39th St, go 0.2 mi Merge onto Michigan Ave, go 404 ft Turn right onto E 39th St, go 0.9 mi Turn left onto Kenwood Ave Destination will be on the left, go 492 ft
  • Latitude: 38.806762
  • Longitude: -94.514191
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Zip Code: 64110
  • State Or Province: MO
  • Subdivision: Vanderbilt Place
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $26,471.00
  • Parcel Number: 30-240-05-32-00-0-00-000
  • Tax Annual Amount: $26,471.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Street
Property
Lot Information
  • Building Area Total: 8505.0
  • Lot Size Area: 4,871.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 4,871.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick & Frame, Brick Veneer, Concrete
  • Documents Available: Financial Details
  • Documents Count: 4
  • Age Description: 2 Years/Less
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: VANDERBILT PLACE--- LOTS 30-32 BLK 1
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 43
  • Year Built: 2024
Utilities
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Water Source: City/Public - Verify
Interior and Exterior Features
Exterior Features
  • Package: Optional
  • Roof: Other
Interior Features
  • Basement YN: No
  • Bathrooms Total: 0
  • Unit Type: 2 Bedroom
  • Cooling: Other
  • Central Air YN: No
  • Heating: Other
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Gross Income: $237,600.00
  • Maintenance Provided YN: No
  • Operating Expense: $26,471.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type: Baths Total: 2
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 9
Rental
Rent Information
  • Current Occupancy Rate: Under 80%
  • Deposit: National Secured Title
  • Existing Lease Terms: One Year Lease
  • Security Features: Fire Alarm, Security System

Property History for 3937 Kenwood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3937 Kenwood Avenue

Taxable ValueLand$12,540Additions-Total$12,540
Home Facts
Beds3Baths1Total Finished SqFt1,624 SqFtAbove Grade Finished SqFt1,624 SqFtStories2Lot Size4,871 SqFtStyleSingle Family ResidenceYear Built1900CountyJACKSONAPN30-240-05-32

Schools near 3937 Kenwood Avenue

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
Primitivo Garcia 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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3937 Kenwood Avenue is a multi-family home for sale in Kansas City, MO 64110. This property was listed for sale on November 9, 2024 by Lutz Sales + Investments, it's currently listed at $3,075,000. This listing's school district is Kansas City 33 School District. Nearby schools include Primitivo Garcia Elementary School, Central Middle School and Central High School. 3937 Kenwood Avenue is a 0-bed, 0-bath, 8,505 sqft multi-family home built in 2024.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

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.