2733 Gillham Road
Kansas City, MO 64108
Map
- – beds
- – baths
- – sqft
- 7,230 sqft lot
- 1913 build
- – on site
Exceptional Investment Opportunity – Loan Assumption at 3.68% | 75% LTV Fannie Mae Unlock immediate value with this rare 12-unit multifamily asset in the highly desirable Union Hill neighborhood—offered with an assumable loan at an attractive 3.68% interest rate and 75% LTV 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.
Last checked:
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Last updated Jun 20, 2025
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MLS# 2557974 —
The Building
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Year Built:1913
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Age Description:101 Years/More
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Construction Materials:Brick, Brick/Mortar, Stone & Frame
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Roof:Other
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Basement:true
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Patio And Porch Features:Deck, Covered
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Unit Type:1 Bedroom, 2 Bedroom, 4 Bedroom Or More
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# of Units Total:12
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Stories Total:3
Interior
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Laundry Features:Inside
Financial & Terms
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Listing Terms:Other
Location
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Directions:Corner of 27th Terrace and Gillham
The Property
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Property Type:Residential Income
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Property Subtype:Apartment
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Parcel Number:29-810-12-02-00-0-00-000
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Lot Size SqFt:7230
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Lot Size Area:7230
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Lot Size Units:Square Feet
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Zoning:Multi
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In Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (913) 220-0728
- Office phone:
- (816) 809-8430
Taxes
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Tax Total Amount:5628
Heating & Cooling
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Cooling:Electric
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Cooling:true
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Heating:Natural Gas
Utilities
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Utilities:Cent Water Heater, Ind Heat And Air, Multi-Unit Heat/Air, Separate Meters
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Gas Range, Stainless Steel Appliance(s), Washer
Schools
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High School District:Kansas City Mo
The Community
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Subdivision Name:Union Hill
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Association:false
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Association Fee Frequency:None
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Type Of Management:Owner Manager
Parking
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Garage:true
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Parking Total:13
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Parking Features:Garage, Off Street, Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/20/25
Jun 20, 2025
|
Listed / Active | HMLS | $2,200,000 |
