The Kansas City real estate market demonstrates intriguing patterns and clusters, particularly in ZIP code 64131. A significant trend is the concentration of properties with relatively low assessed land values, often under $15,000, coupled with a wide range of improvement ratios. This suggests a potential influx of value through property improvements, making it an attractive region for real estate investors seeking opportunities for renovation and value appreciation. Notably, Stewardship Investments LLC appears as a key player, owning multiple parcels, indicating their strategic investment in this area. The presence of numerous properties with lower improvement ratios also indicates opportunities for first-time buyers or those interested in properties requiring minimal upgrades.
The data further reveals interesting ownership clusters and location-based opportunities. Public entities like KCMO - Public Works and MoDOT dominate ownership in certain areas, likely due to infrastructure and public works, which can be a double-edged sword for investors due to potential development restrictions. However, the diverse street names and types within 64131, such as Holmes, Oak, and Locust, suggest varied neighborhood characteristics and accessibility, appealing to a broad spectrum of potential buyers and renters. The strategic location of ZIP code 64131, with its proximity to major thoroughfares like Troost Avenue, enhances its appeal for commercial and residential developments, promising an uptick in demand as Kansas City continues to grow. These insights underscore the potential for targeted investments in underdeveloped parcels, capitalizing on the area's growth trajectory and diverse property landscape.
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No parcels found for this ZIP code.