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Key Details
Sold Price $720,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Melrose
MLS Listing ID 2587053
Sold Date 08/28/26
Year Built 1916
Annual Tax Amount $12,028
Lot Size 7,305 Sqft
Acres 0.16769972
Property Sub-Type Apartment
Source hmls
Property Description
Own a fantastic rental property in the charming Historic Northeast with The Melrose Apartments, two six-unit buildings featuring solid brick construction and original details beloved by today's urban renters. Originally built in 1916 and well maintained through the years, these buildings offer 100% large 1-bed/1-bath floorplans with functional layouts and beautiful hardwood floors. Most units have been refreshed or renovated in the last five years.
Investment dollars are pouring into this growing area, with the prestigious Kansas City University of Medical Biosciences just down the street, alongside new commercial construction, dining, and two new coffee shops. While young professionals are often priced out of downtown Kansas City, Historic Northeast provides an affordable urban alternative. The Melrose Apartments delivers a stabilized asset in an appreciating submarket with great potential for income growth!
Location
State MO
County Jackson
Zoning APT
Interior
Heating Natural Gas
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Ind Heat And Air
Roof Type Synthetic
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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