3035 Harrison Street, Kansas City, MO 64109

Property Description

Lutz Sales + Investments is pleased to present Harrison Haus, a 43-unit multifamily investment opportunity anchored in Kansas Citys Longfellow/Union Hill corridor ? immediately east of Crown Center and Hospital Hill, and steps from the beloved Martini Corner dining district. Built in 1926, the classic all-brick building offers an attractive mix of 43 units along with 30 spot dedicated parking lot, individually metered electric, central HVAC, RUBS utility reimbursements and on-site laundry. The building offers 24 studios and 19 one-bedroom residences, unit types that rent up well in this walkable location so close to transit and in the heart of the City. All capital expenses have been done including roof, electrical, and windows. The property currently boasts a high in place cap rate along with future upside in rental rates. Adding to the investment appeal is exceptionally attractive assumable financing at a 3.22% interest rate, providing a rare opportunity to acquire a well-located Midtown asset with both immediate cash-flow and long-term value creation.The assumable 3.22% loan maturing in 2031 offers a substantial cash-flow advantage to originating new debt in 2026. The 31st St/Union Hill KC Streetcar stop has been open for nearly a year ? connecting residents car-free to Downtown, Crossroads, Crown Center, Midtown, Westport, the Plaza, and UMKC. Studios and compact one-bedrooms rent perfectly to the urban tenant this location attracts.