3201-3211 Broadway Street, Kansas City, MO 64111
Local realty services provided by:CENTURY 21 Crossroads
3201-3211 Broadway Street,Kansas City, MO 64111
$5,800,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: aaron clemons
Office: clemons real estate llc.
MLS#:2600487
Source:MOKS_HL
Price summary
- Price:$5,800,000
About this home
Studios on Broadway presents a unique opportunity to acquire a 72-unit, all-studio multifamily asset in the heart of Midtown Kansas City. Spread across three contiguous 3-story buildings totaling 38,000 SF, the property has undergone extensive capital improvements, including updated copper electrical systems with new 100A panels, full PEX water lines, and PVC drain stacks. All roofs were replaced with TPO systems between 2016 and 2018, and double-pane vinyl windows have been installed throughout.
Units average 433 SF and are split between two efficient studio layouts that support lean operations. In-place rents of $786 average trail proven stabilized rents of $837, with no additional improvements needed to bridge the gap. In place NOI of $409K, reflecting a highly efficient cost structure of just $4,056 per unit. Individual electric metering, gas hot water, and updated infrastructure make this a reliable, low-touch asset. At $80,556 per unit, Studios on Broadway offers investors a solid yield today with clear near-term upside in a demand-driven urban corridor....
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Home facts
- Year built:1921
- Listing ID #:2600487
- Added:62 day(s) ago
- Updated:April 09, 2026 at 02:23 PM
Rooms and interior
- Basement:Yes
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1921
Utilities
- Water:City/Public - Verify
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,800,000
Parking
- Total parking spaces:26
- Parking description:Assigned, On Street
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