527 Gladstone BLVD, Kansas City, MO 64124
527 Gladstone BLVD, Kansas City, MO 64124
527 Gladstone BLVD, Kansas City, MO 64124
527 Gladstone BLVD, Kansas City, MO 64124
527 Gladstone BLVD, Kansas City, MO 64124
527 Gladstone BLVD, Kansas City, MO 64124
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Listed by Michelle Lutz • Lutz Sales + Investments
$ 595,000
Est. payment | /mo

8,638 Sqft Lot


Save
$ 595,000
Est. payment | /mo
Save

8,638 Sqft Lot

Key Details

Property Type Single Family Home, Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Smart'S D O Add

MLS Listing ID 2648591

Year Built 1909

Annual Tax Amount $4,089

Lot Size 8,638 Sqft

Acres 0.1983012

Property Sub-Type Apartment

Source hmls

Property Description

Situated along Kansas City's iconic Gladstone Boulevard, this stately three-story brick sixplex combines historic charm, stable cash flow, and excellent upside potential. Featuring a beautiful, welcoming front porch and timeless architectural character, this classic Northeast property is just two miles from downtown Kansas City and conveniently located near public transportation.The property offers an attractive unit mix of two 2BR/2BA units, one 2BR/1.5BA, one 2BR/1BA, and two 1BR/1BA units. All six units have received varying levels of upgrades within the past six years. Currently 100% occupied with a stable tenant base, the property generates $5,755 in total monthly income, with rents ranging from $650 to $1,025.

Multiple additional income streams make this investment especially appealing! A detached three-car garage, on-site laundry facilities, and tenant-paid utility, parking, and pet fees provide revenue beyond base rents and help offset operating expenses. The landlord pays water and sewer, while trash service is provided through free city pickup. Additional off-street parking is available behind the building, along with ample boulevard parking.

With a full basement, numerous capital improvements already completed, established occupancy, and meaningful room to increase rents, this property presents an outstanding opportunity to grow NOI and build long-term equity. Historic character, multiple revenue streams, and upside potential in one of Kansas City's most recognizable boulevard locations! An excellent addition to any multifamily investment portfolio.

Location

State MO

County Jackson

Zoning C

Interior

Heating Central Gas

Cooling Electric

Fireplace N

Laundry Central Laundry

Exterior

Parking Features true

Utilities Available Cent Water Heater, Separate Meters

Roof Type Composition

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick/Mortar

Schools

School District Kansas City Mo

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Heartland MLS KS / Southeast Kansas AOR

Nearby Locations

Jackie Schierlman

"Every home has a story. My passion is helping people turn the page and start the next one! "

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527 Gladstone BLVD