38th Street Apartments

Introducing 38th Street Apartments, a six-unit apartment in the heart of the vibrant and centrally located Valentine neighborhood of Kansas City, Missouri. Each spacious one-bedroom, one-bathroom unit features original hardwood floors, central heating and air, and ample natural light. Two of the units have a luxury finish while the other four are made-ready but would command higher rents with a few strategic updates. The building has new windows, new plumbing, new electrical, and central heat and air. The roof about seven years old and in good shape. Electric and gas sub-metered while water is on one meter and offset with a utility fee to tenants. The units have
a perfect layout to convert the front living room to a bedroom and add side by side in unit laundry. Offering both tenant appeal and strong investment potential in one of Kansas City’s most desirable neighborhoods,
38th Street Apartments is a rare opportunity to own a piece of the city’s thriving growth. Don’t miss out on this special opportunity!

Why We Love It: The perfect stabilized value-add play in a thriving submarket. Walkable to gym, bars, and restaurants with charming original details and modern updates.

The Challenge: Older buildings can require additional capital expenses, but this one has all of that done! Ample street parking on 38th, but it only has street parking.

The Value-Add Play: This has a great conversion from a one-bedroom to a two-bedroom with in-unit laundry. Great income upside with this conversion!