Price REDUCED! 100% occupied - Crush the 1% rule ($8,400 rental income per month!) with this turnkey 10 plex. Fantastic opportunity in Kansas City, KS with pricing that stands out. Additional rental upside remains (see rent study). Located at 1612–1616 Washington Ave, the property consists of ten large 2BR/1BA units… Read More across two separate buildings in a strong rental corridor near State Avenue with quick access to grocery, restaurants, and major employment centers that support consistent tenant demand. Units have been updated with modern finishes, fixtures, flooring, and refreshed color schemes, supporting strong in-place rents with clear runway to push to market levels. Significant capital improvements have already been completed, including water heater upgrades, select furnace replacements, back stairway replacements, and ongoing unit improvements, helping reduce near-term CapEx and ownership risk. All units are individually metered for gas and electricity with tenants paying their own utilities, while common area electric and laundry water remain owner-paid. The property features central heating, window cooling for reduced maintenance costs, coin-operated laundry for additional income, and a layout that continues to perform well with renters seeking functional, spacious units, offering a solid combination of in-place income and remaining upside in a proven Kansas City, KS multifamily corridor. Read Less
Listing Snapshot
Days Online
93
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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