Vibrant downtown market offers exciting investment opportunities

As downtown Kansas City continues to transform as the result of an extensive, multi-decade revitalization, the demand to live and work in downtown Kansas City has never been higher. Guided by owner Christina Boveri, Boveri Realty Group has tirelessly championed urban living for more than a decade. And as the downtown market continues to evolve, Boveri Realty Group has seized another opportunity to help prospective clients: those seeking investment properties in the increasingly lucrative urban core.

Curtis Jay, a Realtor with Boveri Realty Group, said the firm has experienced steady interest in investment properties, including from outside the Kansas City area. And for prospective investors, there’s never been a better time to buy, thanks to an enticing array of properties that offer opportunities from multi-family development to luxury condominium leasing.

Inside the soaring WallStreet Tower luxury high-rise, 10 condominiums are available to purchase. The units feature jaw-dropping views out of floor-to-ceiling windows, as well as a contemporary urban design. All 10 condos can be purchased at a package price of $2.5 million. Stephanie Thomas, a Realtor with Boveri Realty Group, said one-bedroom condominiums could be leased starting at $1,500 a month; and up to $2,800 per month for a two-bedroom condominium. Each unit comes with two assigned, covered parking spaces. WallStreet Tower also offers residents a prime location in the heart of downtown Kansas City, putting them in the midst of entertainment, nightlife, dining and retail.

“If someone wants luxury living downtown, WallStreet Tower is it,” Jay said. “Nothing else compares.”

For someone who prefers to work at WallStreet Tower, a rare opportunity to own an office space is now available. The 894-square-foot space is available for $157,000, which also includes access to WallStreet Tower’s extensive amenities including a 24-hour concierge, rooftop swimming pool and barbecue grills, a fitness center and more.

Boveri Realty Group is the go-to real estate firm for anyone interested in residential or commercial properties downtown. Yet the firm’s experience and listings spans a much larger area, including into Kansas City’s charming Brookside and Crestwood neighborhoods. In this idyllic location, a recently listed home awaits at 5447 Rockhill Rd. The six-bedroom, 4½-bathroom home, priced at $365,000, is located near the University of Missouri-Kansas City and Rockhurst University and would make an ideal home to rent to students.

“It’s a big home, so you could rent each bedroom for $450 to $600 per month,” Jay said. “It would also work well as an Airbnb property.”

For prospective investors intrigued by the art of the possible, a number of lots are available in an area that spans from just outside of downtown Kansas City to near Raytown. Prices range from $3,000 to $35,000 per lot. Several adjacent lots are available, too, including three adjacent lots that, when developed together, could accommodate an 18-unit multi-family building. Not only do these lots accommodate new residential construction; they also offer an opportunity to add coveted density to the city.

Additional investment opportunities include condominiums at downtown’s chic 909 Walnut, a historic building that was carefully renovated to create high-end one- and two-bedroom residences. A studio loft listed by Tricia Cartwright is available for $120,000 in downtown Kansas City’s popular River Market neighborhood at 309 Delaware St., #404, complete with exposed brick and duct work and concrete floors, along with off-street parking and prime city views. And a three-bedroom, 2½-bathroom home awaits in Kansas City’s charming Westside neighborhood, which offers a traditional neighborhood setting that’s a short stroll from downtown Kansas City’s Crossroads Arts District. Priced at $369,000, the historic home features a wrap-around porch and incredible, panoramic views of the city. All of these homes could be ideal leasing properties or solutions for someone who wants flexibility in living/lodging arrangements—a suburban homeowner who covets the convenience and vibrancy of a downtown retreat, for example.

For information on any of these investment properties or to schedule a tour, please reach out to Christina Boveri at (816) 606-1398.

A longtime staple in the downtown real estate market, Boveri Realty Group attributes its success to a dedication to the downtown market and an increase in demand for downtown housing. Whether clients want to purchase or lease a home or business property, need a property manager, or are seeking investment opportunities, Boveri Realty Group has a solution, owner Christina Boveri said. To see all of Boveri Realty’s listings, go to BoveriRealty.com or www.LuxuryKCProperties.com.

This story was originally published November 10, 2017 at 12:00 AM with the headline "Vibrant downtown market offers exciting investment opportunities."