Martini Corner Quad | 62 E 32nd St
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Martini Corner Quad 62 E 32nd St
4 Unit Apartment Building $1,158,861 CAD ($289,715 CAD/Unit) 5.03% Cap Rate Kansas City, MO 64111
Investment Highlights
- Private porch areas and common area firepit
- Tenants pay all own utilities
- Low lawn maintenance - all rock
Executive Summary
Prime investment opportunity close to Downtown and Plaza areas of Kansas City and right off the new street car expansion line. This is a rare newer construction 4 building multi-family with modern finish levels and fully occupied. Off street parking. Tenants pay all utilities except for water and one unit is vacant for a potential owner occupant house hack. Walking distance to food/entertainment. One lot for easy management. Market rents are currently low and there is upside potential there.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$94,057
|
$29.39
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,057
|
$29.39
|
| Taxes |
$18,963
|
$5.93
|
| Operating Expenses |
$11,237
|
$3.51
|
| Total Expenses |
$30,201
|
$9.44
|
| Net Operating Income |
$63,857
|
$19.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $94,057 |
| Annual Per SF | $29.39 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $94,057 |
| Annual Per SF | $29.39 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,963 |
| Annual Per SF | $5.93 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,237 |
| Annual Per SF | $3.51 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $30,201 |
| Annual Per SF | $9.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,857 |
| Annual Per SF | $19.96 |
Property Facts
| Price | $1,158,861 CAD | Apartment Style | Low Rise |
| Price Per Unit | $289,715 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 3,200 SF |
| Cap Rate | 5.03% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment |
| Price | $1,158,861 CAD |
| Price Per Unit | $289,715 CAD |
| Sale Type | Investment |
| Cap Rate | 5.03% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.19 AC |
| Building Size | 3,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Refrigerator
- Porch
Site Amenities
- Green Community
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,960 CAD | 800 |
1 of 1
Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | Res (Residential) |
| Res (Residential) |
-
Ashley Kendrick -
Chartwell Realty
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Martini Corner Quad | 62 E 32nd St
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