Armaine Apartment Building

The Armaine Apartment Building is a fully stabilized, 48-unit multifamily asset located at 3517 Main Street in Kansas City, Missouri. With a 100% occupancy rate, this property spans 40,326 square feet on a 0.51-acre site. Originally built in 1912 and renovated in 2000, the asset offers a blend of historic character and modern functionality, appealing to a strong and diverse tenant base. Strategically positioned within Kansas City's vibrant Midtown submarket, the property benefits from proximity to retail, dining, and employment hubs, ensuring sustained tenant demand. The current lease structure supports market rents, with potential upside in future lease adjustments or operational efficiencies. The property features 48 units that are fully leased, providing stability and consistent cash flow, while the vintage architecture and updated renovations cater to the area's demand for quality housing. This investment opportunity offers stable in-place income with potential for long-term value growth, supported by market fundamentals and a strong occupancy track record. Investors seeking a multifamily property in a core urban location with proven performance and historical appeal will find significant value in the Armaine Apartment Building.