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Property entrance featuring brick siding
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View of building exterior
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Living area featuring dark wood-style flooring, healthy amount of natural light, and a chandelier
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Kitchen with stainless steel range, wall chimney range hood, white cabinetry, and tasteful backsplash
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Dining room with dark wood finished floors, a chandelier, a fireplace, and recessed lighting
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View of balcony
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Dining area featuring dark wood-style flooring and a chandelier
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Washroom with stacked washer / dryer and dark wood finished floors
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Balcony featuring outdoor dining area
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Bathroom featuring a marble finish shower, double vanity, recessed lighting, and tile patterned flooring
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Full bathroom featuring a marble finish shower and double vanity
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Bedroom with a barn door, crown molding, and a ceiling fan
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Living area featuring wood finished floors and built in features
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Bathroom featuring shower / bath combination and tile patterned flooring
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Living room featuring wood finished floors, ornamental molding, and a chandelier
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Bedroom featuring carpet, brick wall, and a ceiling fan
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Bedroom with carpet and ceiling fan
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Kitchen with stainless steel appliances, open shelves, light wood-type flooring, and light countertops
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Kitchen featuring gas range oven, butcher block counters, light wood finished floors, stainless steel dishwasher, and dark brown cabinets
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Full bath featuring vanity, shower / tub combo with curtain, and tile patterned flooring
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Living area featuring dark wood-type flooring, ceiling fan, and healthy amount of natural light
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View of exterior entry featuring brick siding and stone siding
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Laundry room featuring light wood-type flooring, stacked washer / dryer, brick wall, and recessed lighting
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Kitchen with appliances with stainless steel finishes, a textured ceiling, light wood-style flooring, and dark brown cabinetry
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Unfurnished living room featuring ornate columns, a textured ceiling, ceiling fan, and light wood-style flooring
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Unfurnished living room with ceiling fan, a textured ceiling, and wood finished floors
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Bathroom with tile patterned floors and shower / bath combo
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Kitchen featuring appliances with stainless steel finishes, tasteful backsplash, and white cabinetry
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Laundry area with stacked washer / dryer and wood finished floors
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Living room featuring ceiling fan and wood finished floors
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Living area with wood finished floors
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View of patio
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Doorway to property with stone siding and brick siding
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View of home's exterior featuring stone siding and an attached garage
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View of property
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Exceptional Investment Opportunity – Call Listing agent about possible Loan Assumption with Fannie Mae. Unlock immediate value with this rare 12-unit multifamily asset in the highly desirable Union Hill neighborhood and potential strong LTV loan assumption through Fannie Mae. This is a turnkey investment with stabilized cash flow, significant upside potential, and a premium financing structure in place. The property features a standout 4-bedroom, 3-bathroom penthouse—ideal for an owner-occupant or executive rental. All units were fully renovated in 2019, boasting modern kitchens, updated baths, refinished hardwood flooring, and stainless steel appliances. Major capital improvements have been completed, including a full roof replacement in 2017, HVAC systems updated between 2012–2025, and extensive tuckpointing—offering peace of mind for years to come. Investors will appreciate the property's strong location and tenant demand, positioned within walking distance to the KC Streetcar, Children’s Mercy, UMKC Medical School, University Health, Crown Center, and other key employment hubs. Additional highlights include 12 off-street parking spaces, one garage space, and an on-site office with a full bath—perfect for property management or conversion to additional income-producing space. Rents remain under market, with a clear path to increase \$100–\$200 per unit with no additional capital expenditure. This is a high-performing asset with both immediate yield and long-term growth potential—perfect for the seasoned investor looking to acquire in a core Kansas City submarket with leverage rarely available in today’s interest rate environment.
- Directions
- Head north on Gillham from 31st street, Turn East on 27th Ter from Gillham. Building is on the corner of 27th ter and Gillham.
- Subdivision
- Union Hill
- City
- Kansas City
- County
- Jackson
- Property Type
- Residential Income / Apartment
- Listing Updated
- Jun 23, 2025 at 1:06pm
- MLS Number
- 2557974
- Property Tax
- $5,628
- Zoning
- $Multi
- Home Owners Association
- No
- Disclaimer
- The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2025, Heartland Multiple Listing Service, Inc. Heartland MLS, Elite Realty and Agent Jo do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring.
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