Large 59 Unit Apartment Building For Sale in Hyde Park / Midtown!
The New Yorker apartments is a 59 unit apartment building in Midtown/Hyde Park, just one block east of Main Street where the new KC street car will be built (This is a huge deal with the Main Street revitalization going on)
This building is near 100% occupancy at all times. The building includes a managers office, multiple storage rooms, elevator, in house laundry facilities, covered porch…etc. The parking lot adjacent to building is leased which can be assigned at closing.
The owners also receive additional income from Laundry, parking, vending machine and window AC units. This building has significant upgrade with a new roof completed about 6 months ago.
The owners will consult on operations for the first couple of weeks after purchase if requested.
Please refer to the Virtual Tour and supplements for due diligence first. Please be patient when scheduling showings. Initial showings prior to offers will include showing the building, grounds, and any vacant units. Occupied units can be viewed after an accepted offer.
To see the virtual tour of the building (hundreds of pictures including a vacant 1 bedroom unit, a studio and an efficiency unit) – CLICK HERE.
To see the Investment Analysis Chart which shows the Monthly rent roll, 2019 P&L and more, CLICK HERE.
Questions? Call the listing agent, Scott Tucker. His contact information is below.