This fully occupied 18-unit multifamily property is located in a walkable area near major transit, offering immediate cash flow with long-term upside. The building features a mix of studio and one-bedroom units across five floor plans, secure controlled access, a small on-site fitness room, and off-street parking for approximately six… Read More vehicles. Its central location near major employers, hospitals, and universities supports consistent rental demand. Approximately nine years ago, the property underwent a full renovation, including a new roof, new windows, PEX plumbing, exterior stucco, upgraded electrical systems, and modernized mechanicals, reducing near-term capital needs. Every unit includes an in-unit washer and dryer, a key amenity for this submarket. The property is fully occupied and stabilized, providing reliable in-place income with multiple paths for upside. Investors may benefit from continued rent growth, a medium-term rental strategy, or targeted interior upgrades to drive higher rents. This offering represents a well-maintained, cash-flowing 18-unit asset in a highly accessible in demand Kansas City location. If you have questions about owning multifamily property in Kansas City please reach out. We can assist with introductions to commercial lenders eager to finance this type of property with 25% down and give options on third party property managers who would do an excellent job with this property. *no seller finance, please do not ask* This beautifully crafted property combines timeless charm with quality construction, creating a premier investment opportunity in the heart of the city where tenant demand remains exceptionally strong. Read Less
Listing Snapshot
Days Online
7
Property Type
Apartment
Lot Size
0.28 Acres
Year Built
1905
MLS Number
2597398
Additional Details
Parking
Parking Total: 7
Building
Construction Materials: "Brick", "Board & Batten Siding", Year Built: 1905
Cooling
Details: "Electric"
Heating
Heating: "Natural Gas"
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: "Inside"
Lot
Size: 12018
Property
Zoning: MF
Roof
Description: "Composition"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Cent Water Heater", "Ind Heat And Air"
Listing courtesy of Lutz Sales + Investments 913-426-5576
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The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright , Heartland Multiple Listing Service, Inc. Heartland MLS and Legendary Apartment Brokers do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. Listings last updated on ,
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