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2108 Lexington Ave

15 Unit Apartment Building $2,632,994 CAD ($175,533 CAD/Unit) 5.04% Cap Rate Kansas City, MO 64124

Investment Highlights

  • Fully renovated units with new roof, in-unit laundry, HVAC, water heaters & stainless steal appliances
  • Nearby downtown KC, Historic City Market, New Current Stadium, Kessler Park & Berkley Riverfront Park
  • Off street parking for ~24 vehicles

Executive Summary

Lexington Crossing Apartments are located in Pendleton Heights - a walkable historical urban neighborhood nestled nearby the heart of downtown Kansas City. Lexington Crossing is under 2 miles from the Historic City Market, new KC Current Soccer Stadium, Bally’s Casino and Berkley Riverfront Park. Residents enjoy a fully renovated apartment unit with off-street parking, Google Fiber, private balconies, all new appliances (kitchen & laundry) and being nearby PH Coffee.

Property Facts

Price $2,632,994 CAD
Price Per Unit $175,533 CAD
Sale Type Investment
Cap Rate 5.04%
No. Units 15
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.55 AC
Building Size 14,682 SF
Average Occupancy 100%
No. Stories 3
Year Built 1971
Parking Ratio 1.36/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Refrigerator
  • Range
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
2+1 11 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-740-11-05-00-0-00-000
Land Assessment
$14,338 CAD
Improvements Assessment
$122,051 CAD
Total Assessment
$136,389 CAD
  • Listing ID: 32957493

  • Date on Market: 2024-08-26

  • Last Updated:

  • Address: 2108 Lexington Ave, Kansas City, MO 64124

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