2733 Gillham Road

Kansas City, MO 64108

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.

Listing courtesy of Osborn Real Estate [email protected]



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Last checked 2025-07-04 08:25 AM CDT