Priced to sell! This is a rare opportunity to acquire a 10-unit apartment asset in Kansas City, KS where the heavy lifting has already been completed and the next owner captures the upside. Located at 1612–1616 Washington St, the property consists of ten 2BR/1BA units across two separate buildings in… Read More a strong rental corridor near State Avenue with quick access to grocery, restaurants, and major employment centers. Many units have been renovated with modern finishes, fixtures, flooring, and color schemes, creating attractive in-place rents with additional room for growth. Significant capital has been invested into the property, stabilizing the core mechanics of the building; while the physical asset is largely stabilized, the property still offers lease-up upside before it can be considered fully stabilized. Major improvements include water and drainage remediation with French drains, plumbing stack replacements, water heater upgrades, select furnace replacements, security cameras and lighting, back stairway replacements, and ongoing unit improvements, materially reducing near-term CapEx and ownership risk. All units are individually metered for gas and electricity with tenants paying utilities, while common area electric and laundry water remain owner-paid. The buildings feature central heating, window cooling, coin-operated laundry, and solid long-term rental fundamentals, making this an attractive blend of stabilized operations and value-add potential in one of Kansas City, KS’s most reliable multifamily submarkets. Read Less
Listing Snapshot
Days Online
2
Property Type
Apartment
Lot Size
0.5 Acres
Year Built
1964
MLS Number
2598114
Additional Details
Building
Construction Materials: "Brick/Mortar", Year Built: 1964
Cooling
Details: "Window Unit(s)"
Heating
Heating: "Natural Gas"
Home Owner's Association
Fee: 0, Dues Frequency: None
Lot
Size: 0.5
Parking
Parking Total: 10
Property
Zoning: R2
Roof
Description: "Composition"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Ind Heat And Air", "Ind Water Heaters", "Master Meters", "Other"
Listing courtesy of Legendary Apartment Brokers 816-591-0825
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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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