16 W 37th Street, Kansas City, MO 64111

Description

3-story, 12-unit brick apartment building in the historic Hanover Place neighborhood of Midtown Kansas City, just steps off Main Street. Ownership has invested steadily in the building's security, systems and curb appeal. Improvements include new front windows, a new Bluetooth-enabled entrance, security cameras and updated flooring in the common hallways. Every unit has Bluetooth entry, and the building is wired for fiber. Units are individually metered for gas and electric (tenant charge) and have a shared common hot-water system, which includes a newly installed water heater. All twelve units are studios approximating about 425 square feet, with a current average rent of $691. Ownership has renovated the units one at a time as they’ve turned resulting in varying levels of finish. Ten of the twelve have new kitchens, bathrooms and countertops, and nine have new windows. Seven offer in-unit washers and dryers along with updated appliances and electrical. Every unit has original hardwood floors, and five have been refinished. On the top floor, all four units received central air and heat in 2020 and 2021, and the ground-floor units have new ductless mini-split systems installed between 2020 and 2022. One classic-condition unit, occupied by a long-term tenant, has not been updated since acquisition, giving a new owner a clear renovation opportunity when that lease turns over. The property is owner-operated, fully occupied and has a long record of strong occupancy. With a Walk Score® of 91, a "Walker's Paradise" rating, it ranks among the most walkable addresses in Kansas City. The fare-free KC Streetcar Main Street Extension opened in October 2025, and its ridership more than doubled within the first month. It connects residents directly to the Plaza, UMKC, Crown Center, Union Station, Downtown and the Riverfront.