Rare opportunity to acquire a 12-unit apartment building in the heart of Midtown Kansas City with strong in-place operations and immediate upside. The property consists of 12 spacious 1BR/1BA units, approximately 744 SF each, with all units located above grade. Units have been remodeled with modern finishes and color schemes,… Read More with many featuring quartz/granite countertops and stainless steel appliances. Major building components including HVAC, water heaters, electrical and plumbing were replaced/updated in 2019/2020, along with vinyl windows throughout. The roof is approximately six years old.
Current rents are solid with additional room to grow toward market, providing a straightforward path to increased income. Additional upside may be available through adding in-unit washer/dryers, while the building already offers two washers and two dryers for tenant use. Other features include central heating and cooling, four off-street parking spaces, a shared tenant patio and a large dry basement with potential for a tenant workout/amenity area. Tenants pay their own gas and electric; owner pays water, trash and common-area electric.
Excellent Midtown location near Downtown and the Country Club Plaza and within walking distance of the KC Streetcar extension, restaurants, shopping, employment and everyday amenities. A well-operated property offering a combination of modernized units, strong location and additional income-growth potential. Read Less
Listing Snapshot
Days Online
2
Property Type
Apartment
Lot Size
0.25 Acres
Year Built
1930
MLS Number
2643746
Additional Details
Appliances & Equipment
Microwave, Refrigerator, Electric Range
Building
Built in 1930, 3 stories, Construction Materials: Brick
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