4822 The Paseo

Kansas City, MO 64110

$2,975,000
Price
—
Beds
29,220 Sq. Ft.
$102 / Sq. Ft.
29,220
Sq. Ft.
$102
per Sq. Ft.

Description

Located in the historic Troostwood neighborhood of Kansas City, Missouri, University Meadows is a stately 52-unit fenced complex sitting on over an acre of land. The complex's location is anchored by both the University of Missouri-Kansas City and Rockhurst University campuses which neighbor the property to the west and south. University Meadows is comprised of three buildings, two 8-plexes and one 36-unit building, and are classified as condominiums with each individual unit having its own tax record....Located in the historic Troostwood neighborhood of Kansas City, Missouri, University Meadows is a stately 52-unit fenced complex sitting on over an acre of land. The complex's location is anchored by both the University of Missouri-Kansas City and Rockhurst University campuses which neighbor the property to the west and south. University Meadows is comprised of three buildings, two 8-plexes and one 36-unit building, and are classified as condominiums with each individual unit having its own tax record. A gated parking lot with new asphalt sealant is available at the rear of 4840 Paseo building providing residents 21 spaces. The buildings stand 3-stories with brick veneer exteriors, newer vinyl windows and a designated office (4822-1BR unit) with on-site management. Three laundry care centers (Jetz lease) and 12 total storage lockers are provided across basements at the complex. The grounds and landscaping have been meticulously cared for providing tenants excellent greenspace for pets. The buildings are separately metered for gas/electric with common water/hot water in 16 units and individual hot water heaters in 36 units.
University Meadows consist of 12 studio units with an approximate size of 400 square-feet. The 1-bedroom units consist of two floorplans, 16 with an approximate size of 530 square-feet and 24 with an approximate size of 520 square-feet. All studio units are on the ground floor of the 4840 building. 16 units (4822 building & 4838 building) have central air while the other 36 (4840 building) are cooled with window units. The 4840 building (36 units) possess individual hot water heater and new panel boxes. All building entrances, stairwells, hallways and common areas have been updated and all units are provided Google Fiber. Units feature functional floorplans, hardwood or tile flooring (studios), good closet space, gas stoves, tubs/baths and utility closets. The property has a history of high occupancy with excellent 3rd party management in place.

Listing Agents

  1. Brice Bradshaw

    Brice Bradshaw

    Listing Agent

    Compass

  2. Parker Beck

    Parker Beck

    Alternative Listing Agent

    Compass

    parker.beck@compass.com

    P: (913)-375-3850

Property Details for 4822 The Paseo

Zoning
R-1.5
LISTING UPDATED: 09/27/2024 04:11 PM

Property Details for 4822 The Paseo

StatusPending
MLS #2506413
Days on Market35
Taxes$22,132 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1953
CountyJackson County

Building Information for 4822 The Paseo

Building/Complex4822 The PaseoFloor-Stories3Residences52Pet Policy-Year Built1953Building Size-

Property Information for 4822 The Paseo

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: North on Paseo Boulevard to 49th. East on 49th for 20 yds. Complex is on corner of 49th and Lydia.
  • Latitude: 39.038551
  • Longitude: -94.568697
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Zip Code: 64110
  • State Or Province: MO
  • Subdivision: Other
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $22,132.00
  • Parcel Number: 30-630-09-05-00-0-01-003
  • Tax Annual Amount: $22,132.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Site, Secured
  • Parking Total: 21.0
Property
Lot Information
  • Building Area Total: 29220.0
  • Lot Size Area: 1.24
  • Lot Size Source: Public Records
  • Lot Size SqFt: 54,014.40
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Brick Veneer, Concrete, Frame
  • Documents Available: Financial Details
  • Documents Count: 3
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Special Documents Required YN: 0
  • Type Of Management: On-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 28
  • Year Built: 1953
Utilities
  • Sewer: City/Public
  • Utilities: Cent Water Heater, Ind Heat And Air, Ind Water Heaters, Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total: 0
  • Unit Type: 1 Bedroom, Other Unit
  • Cooling: Electric, Window Unit(s)
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 52
Income & Expenses
  • Gross Income: $418,504.00
  • Maintenance Provided YN: No
  • Operating Expense: $243,929.00
  • Operating Expense Includes: Accounting, Advertising, Electricity, Exterminator, Legal, Maintenance, Other, Insurance, Property Mgmt, Real Estate Tax, Water/Sewer, Supplies
Unit 1
  • Unit Type: Unit SQFT: 400
  • Unit Type: Baths Total: 1
  • Unit Type: Type: Studio
  • Unit Type: Units Total: 12
Unit 2
  • Unit Type: Unit SQFT: 520
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 1 Bedroom
  • Unit Type: Units Total: 24
Unit 3
  • Unit Type: Unit SQFT: 530
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 1 Bedroom
  • Unit Type: Units Total: 16
Rental
Rent Information
  • Current Occupancy Rate: 90-95%
  • Deposit: Chicago Title
  • Existing Lease Terms: One Year Lease

Property History for 4822 The Paseo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4822 The Paseo

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 - 7 to 12
Rating
School
Distance
M. L. King Elementary School
PublicPK to 6

Central Middle School
Public7 to 8

Central High School
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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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.

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.