Situated along Kansas City's iconic Gladstone Boulevard, this stately three-story brick sixplex combines historic charm, stable cash flow, and excellent upside potential. Featuring a beautiful, welcoming front porch and timeless architectural character, this classic Northeast property is just two miles from downtown Kansas City and conveniently located near public transportation.The… Read More property offers an attractive unit mix of two 2BR/2BA units, one 2BR/1.5BA, one 2BR/1BA, and two 1BR/1BA units. All six units have received varying levels of upgrades within the past six years. Currently 100% occupied with a stable tenant base, the property generates $5,755 in total monthly income, with rents ranging from $650 to $1,025.
Multiple additional income streams make this investment especially appealing! A detached three-car garage, on-site laundry facilities, and tenant-paid utility, parking, and pet fees provide revenue beyond base rents and help offset operating expenses. The landlord pays water and sewer, while trash service is provided through free city pickup. Additional off-street parking is available behind the building, along with ample boulevard parking.
With a full basement, numerous capital improvements already completed, established occupancy, and meaningful room to increase rents, this property presents an outstanding opportunity to grow NOI and build long-term equity. Historic character, multiple revenue streams, and upside potential in one of Kansas City's most recognizable boulevard locations! An excellent addition to any multifamily investment portfolio. Read Less
Listing Snapshot
Days Online
1
Property Type
Apartment
Lot Size
0.2 Acres
Year Built
1909
MLS Number
2648591
Additional Details
Building
Built in 1909, 2 stories, Construction Materials: Brick/Mortar
Cooling
Electric
Heating
Central Gas
Home Owner's Association
Association Fee: $0, Fee Frequency: None
Laundry
Central Laundry
Lot
0.1983 acres
Parking
5 total parking spaces, Detached, Garage, Off Street, On Street
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 13-930-28-07-00-0-00-000, Legal Description: SMART'S D O ADD E 145' LOT 77, Zoning: C
Utilities
Cent Water Heater, Separate Meters, Water Source: Public
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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