Sunny View Apartments are a charming 6-unit historic building well located in the South Hyde Park neighborhood of Kansas City, Missouri. The building stands 3-stories with a stately partial brick exterior and provide tenants with front & rear access, off-street parking (5 spaces) and ample street parking (one-way street). Built in 1915, the complex consists of 6 two-bedroom/one-bathroom units with an approximate unit size of 1,000 square-feet (mirror image floorplans). Current ownership acquired the property in June of 2023 and completed an extensive shutdown renovation finishing in July of 2024. The property now 100% occupied with 3rd party management in place. Capital expenditures completed to building include a new sewer line, new exterior paint & back deck stain, new exterior doors at rear, new exterior/interior light fixtures and updated electrical/plumbing to washer/dryers.
All 2-bed | 1-bath units underwent uniform renovations consisting of new appliances, new exposed spiral ductwork, new cabinets, installation of washer/dryer in unit, granite countertops, refinished floors and new LVP flooring, new bathroom tubs, surrounds, and doors, new mirrors/fixtures/ceiling fans, and faux wood blinds with newer vinyl windows. All 2-bed units feature central air, sunrooms, formal dining rooms, decorative fireplace, built-in shelves, fully equipped kitchens, Google Fiber and front/rear access. Sunny View is separately metered units for gas and electric (tenant's responsibility) and has common water/hot water (landlord pays). 3 HVACs were replaced by previous owner in 2023. The property is well positioned to take advantage of multiple stops on the new KC Streetcar Extension line with South Hyde Park, and more specifically, Harrison Street seeing extensive real estate gentrification/investment over the last several years. The property has now stabilized as of July 2024 presenting a turnkey investment opportunity in an appreciating area with strong rental demand.