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Residences of West Paseo 2625 W Paseo Blvd

46 Unit Apartment Building $7,441,717 CAD ($161,776 CAD/Unit) Kansas City, MO 64108

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Investment Highlights

LIHTC Decontrol Period Ending June 2025
Exceptional Opportunity to Enhance or Reposition for Maximum Potential

Iconic & Historic Property in the Beacon Hill Neighborhood

Executive Summary

Presenting an unparalleled opportunity to own a truly iconic and irreplaceable multifamily property in the heart of The Beacon Hill Neighborhood in Kansas City. This historic gem, with its 46 spacious apartment homes, generous community areas, soaring ceilings, and two rooftop terraces showcasing panoramic skyline views, offers a unique blend of character and potential. Currently a LIHTC property within the decontrol period, all income restrictions expiring in June 2025. This asset presents a range of possibilities - renew the LIHTC agreement, transition to market rate, or customize a strategy tailored to your vision. In a neighborhood energized by new developments and rising market rents, this is your chance to make a lasting impact.

Offering Memorandum
Operating and Financials
Miscellaneous

Property Facts

Price	$7,441,717 CAD	Lot Size	3.27 AC
Price Per Unit	$161,776 CAD	Building Size	24,000 SF
Sale Type	Investment	Average Occupancy	100%
No. Units	46	No. Stories	4
Property Type	Multifamily	Year Built/Renovated	1959/2005
Property Subtype	Apartment	Parking Ratio	2.46/1,000 SF
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$7,441,717 CAD
Price Per Unit	$161,776 CAD
Sale Type	Investment
No. Units	46
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	3.27 AC
Building Size	24,000 SF
Average Occupancy	100%
No. Stories	4
Year Built/Renovated	1959/2005
Parking Ratio	2.46/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.