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512-516 Splitlog Ave
Kansas City, KS 66101

$3,995,000 USD

Apartments For Sale  •  31,131 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,131 SF
  • Lot Size 0.68 AC
  • Building Class C
  • Year Built 1963
  • Cap Rate 5.99 %
  • Zoning KRP5
35 Transit Score
71 Walk Score

Highlights

Newly Renovated: All of City View at Splitlog’s units have been newly renovated.
Desirable Location: City View at Splitlog is located in the heart of the Strawberry Hill neighborhood, minutes from downtown Kansas City.
City View at Splitlog is currently 100% leased. New leases are being leased at the increased rental rates (1 BD - $1,100 / 2 BD $1,225).
New ownership will have the opportunity to increase rates as they have not been increased in 2 years.
With a current vacancy rate of just 3.5% in the area—well below market averages—demand for rental units remains high.

Property Flyers

Cap Rate: 5.99 %

Amenities

  • 24 Hour Access
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Kansas City (Lincoln Service Missouri River Runner - Amtrak, Missouri River Runner - Amtrak, Southwest Chief - Amtrak) 10 min - 4.6 mi
AirportDriveWalkDistance
Kansas City International 27 min - 17.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Brandon Heck 913-956-5817 NAI Heartland
Brandon Heck 913-956-5817 NAI Heartland