3433 Central Street Kansas City, MO 64111

One of areas original colonnade-style buildings residing in the Old Hyde Park Historic District. Built in 1911, the building is comprised of 17 units, standing 3-stories and provides 3 off-street parking spaces at the rear (ample street parking). Armour View offers a variety of floorplans including studios, 1-bedroom and 2-bedroom units, ensuring a broad appeal to tenants with diverse needs and preferences. The studio units have an approximate unit size of 385 square-feet (+/-), one-bedrooms units have an average size of 515 square-feet (+/-) and the two-bedroom unit has an approximate size of 771 square-feet (+/-). The building is all-electric with a virtual doorman service upon entry and provides a laundry care center to tenants in the basement (multiple coin-operated machines Jetz Lease). Water/Hot Water is common with multiple machines working in sequence (landlord responsibility) and the building is separately metered for electric (tenant s responsibility).

All units at the complex feature hardwood floors and laminate/tile (kitchen/baths), PTAC units for heating/cooling (15 units), Google Fiber, fully equipped kitchens, single-pane windows and functional floorplans. Select units have balconies (6 units) and central air (2 units). Ownership/management have implemented monthly RUBS/water fees to all units ranging from $60-$70. The property boasts an excellent location near the shops in Broadway-Gillham, Martini Corner and the new KC Streetcar Extension Line. The asset presents an appeal to both the stabilized and value-add investor. Buyer could continue to manage property as-is with small incremental improvements to present a uniform product across all units or look to carry out a more significant rehab to all units with modern/higher-end finishes including addition of in unit laundry and updated kitchens and baths. The value-add project allows a new owner maximum flexibility to bring their vision to a great building in a superb location.