9730 Locust ST, Kansas City, MO 64131
9730 Locust ST, Kansas City, MO 64131
9730 Locust ST, Kansas City, MO 64131
9730 Locust ST, Kansas City, MO 64131
9730 Locust ST, Kansas City, MO 64131
9730 Locust ST, Kansas City, MO 64131
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Gayle Houser

Gayle Houser

+1(913) 893-1113
Listed by Nicholas Ambrosio • Peak Real Estate Partners, LLC
$ 4,250,000
Est. payment | /mo

2.01 Acres Lot

Save
$ 4,250,000
Est. payment | /mo
Save

2.01 Acres Lot

Key Details

Property Type Single Family Home, Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Linden

MLS Listing ID 2618362

Year Built 1984

Annual Tax Amount $24,073

Lot Size 2.010 Acres

Acres 2.01

Property Sub-Type Apartment

Source hmls

Property Description

The Holmesbrook Townhomes is a 28-unit townhome style community located in the Willow Creek neighborhood of Kansas City, MO. The property has seen over $350,000 in capital improvements throughout the duration of ownership (2022-present) and has received renovations in 23 out of the 28 units. Vast majority of the water heaters and HVAC have been replaced within the last four years leaving only five units in classic condition. This leaves investors with a small value add play to renovate the remaining units and bring rent up to market across the board. The property does have a LURA in place, lasting until 2032, but only 10 of the units are affected by it. However, 4/10 are labeled as “Low Income” which 2026 rent cap is higher than current market rent. 6/10 units are labeled as “Very Low Income” which 2026 rent cap is lower than current market rent.

The LURA is administered by Phoenix Revitalization Corp under the FDIC Affordable Housing Disposition Program -- it is not LIHTC and has no involvement from MHDC or KHRC. Compliance consists of straightforward annual income verification coordinated directly between Phoenix and the property manager. It is a fraction of the administrative lift associated with traditional affordable housing programs, and Phoenix's staff actively assists owners through the process.

Location

State MO

County Jackson

Zoning R2.5

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Exterior

Parking Features false

Utilities Available Ind Water Heaters, Separate Meters

Roof Type Composition

Building

Story 2

Sewer Unknown

Water Private Meter

Structure Type Wood Siding

Schools

School District Center

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Heartland MLS KS / Southeast Kansas AOR

Nearby Locations

Gayle Houser

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(913) 893-1113

houserhomeandland@gmail.com

7300 W 110th St #700, Overland Park, KS, 66210, USA

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9730 Locust ST