8000 - 8034 E 88th Terrace, Kansas City, MO 64138
- $1,495,000
- List Price
- $1,495,000
- MLS#
- 2631827
- Status
- ACTIVE
- Type
- Multifamily
- Sub Type
- Apartment
- Lot Size
- 46,390
- Acres
- 1.06
- Subdivision
- Westchester
Property Description
Westchester Apartments is an 18-unit multifamily community located at 8000–8034 E 88th Terrace in Kansas City, Missouri. Set across two well-maintained brick buildings (fronts & sides) on mature, tree-lined grounds, the property consists entirely of one-bedroom, one-bath residences averaging 775 square feet — a consistent unit mix that keeps operations simple and demand steady. Each home includes a private balcony or patio, individual HVAC system and water tank, with fully separately metered utilities (water/sewer, electric and gas). Twenty-two parking spaces serve the community, with room on the lot to add more. Beyond the in-place plan, the property offers the potential to add as many as six additional units, expanding the community from 18 to as many as 24. Full build-out and stabilization at premium rents supports pro forma net operating income of approximately $174,000. Westchester sits in an established residential pocket of southern Kansas City, a metro consistently recognized for its affordability, steady renter demand and expanding employment base — with workforce housing leading the market in rent growth. Easy access to several major highways (435, 350/50, 470, 71/49). Please see the attached Offering Memorandum for additional information (Market Overview, Financial Analysis, Rent Roll, Sales Comps, etc.). HOA takes care of lawn maintenance (mowing, weed & fertilizer), snow removal and painting building exteriors (appr every 8 years).
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Additional Information
- Year Built
- 1965
- School District
- Hickman Mills
- Hoa Amount
- 1004
- Hoa Due
- Monthly
- Basement
- Yes
- Exterior Features
- Balcony
- Roof
- Composition
- Central Air
- Electric
- Sewer
- Public Sewer
- Construction
- Brick/Mortar, Frame
- Water
- Public
- Cooling
- Electric
- Heating
- Natural Gas, Forced Air
- Taxes
- $16,219
- Zoning
- R
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Listing courtesy of Dave Green of Green Real Estate.
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