Introducing an exceptional opportunity to own this charming brick building in the heart of Kansas City. This well-maintained 1920’s construction 12-unit property is situated in a highly desirable, walkable neighborhood just steps away from the renowned KU Medical Center and the bustling 39th Street Corridor. In addition to its excellent location the property offers several desirable features for residents including a including a dedicated parking lot and on-site laundry facilities. The spacious one-bedroom apartments feature stunning hardwood floors, open layouts, and large windows that flood the units with natural light. The building features updated plumbing, electrical, and efficient mini-splits to heat and cool. Don’t miss out on the opportunity to own this prime asset!
The Value-Add Play: Increase rental rates to market rent with minor cosmetic updates. In-unit W/D could be an additional income.
Why We Love It: Prime location for residents those wanting a charming walkable neighborhood in the heart of it all. Broad appeal for a variety of working professionals. Parking, laundry, and well-maintained building that just needs minor cosmetic updates to realize great rental upside.
Challenges: Landlord Pays for Water and Trash, but this can be offset with a RUBS fee.