Studios On Broadway

Discover the vibrant surroundings of Studios On Broadway in Kansas City, MO. Situated in the dynamic Westport District, the property is in close proximity to a variety of trendy restaurants, boutique shops, and lively entertainment venues, making it an attractive location for a prospective office building investor. Additionally, nearby attractions such as the Nelson-Atkins Museum of Art, Country Club Plaza, and Loose Park offer a rich cultural and recreational experience. With easy access to major roadways and a thriving business community, the area provides an ideal setting for business growth and success. Experience the energy of Kansas City at Studios On Broadway.Studios on Broadway presents a unique opportunity to acquire a 72-unit, all-studio multifamily asset in the heart of Midtown Kansas City. Spread across three contiguous 3-story buildings totaling 38,000 SF, the property has undergone extensive capital improvements, including updated copper electrical systems with new 100A panels, full PEX water lines, and PVC drain stacks. All roofs were replaced with TPO systems between 2016 and 2018, and double-pane vinyl windows have been installed throughout. Units average 433 SF and are split between two efficient studio layouts that support lean operations. In-place rents of $786 average trail proven stabilized rents of $837, with no additional improvements needed to bridge the gap. In place NOI of $409K, reflecting a highly efficient cost structure of just $4,056 per unit. Individual electric metering, gas hot water, and updated infrastructure make this a reliable, low-touch asset. At $80,556 per unit, Studios on Broadway offers investors a solid yield today with clear near-term upside in a demand-driven urban corridor.