An exceptional opportunity awaits the discerning investor looking to secure a high-performing asset that meets the highly coveted 1% rule. Situated in a prime downtown location, this 8-unit multifamily complex offers an immediate revenue stream alongside substantial value-add potential. The property comprises six 1 bed, 1 bath units, and two… Read More 2 bed, 1 bath units currently yielding $5,548 per month in rental income with a 7/8 occupancy rate. Significant capital expenditures have already been completed, including a foundation repair, comprehensive termite treatment, new windows, updated flooring, and a newly poured concrete patio. Additionally, the majority of the units feature recently replaced appliances and PTAC climate control systems. A detailed spreadsheet is provided for all maintenance and upgrades on each unit. Additionally, an inspection report is available from the last year. Backed by a recent $600,000 appraisal, this turnkey asset is primed for immediate acquisition. Read Less
Listing Snapshot
Days Online
3
Property Type
Apartment
Lot Size
0.09 Acres
Year Built
1923
MLS Number
2645865
Additional Details
Building
Built in 1923, 2 stories, Construction Materials: Concrete, Stucco
Cooling
Window Unit(s)
Heating
Natural Gas
Home Owner's Association
Association Fee: $0
Interior Features
Individual Storage
Lot
0.0854 acres
Parking
On Street
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 13-840-23-01-00-0-00-000, Legal Description: Lot 1, Block 4, Dundee Park, Zoning: R-2.5
Utilities
Cent Water Heater, Separate Meters, Water Source: Public
Listing courtesy of KW KANSAS CITY METRO 816-745-8906
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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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