9th Street Apartments

Welcome to the 9th Street Apartments, this property features two side-by-side five-unit brick buildings, offering eight 2-bedroom/1-bath and two 1-bedroom/1-bath units. Recently renovated, each unit offers modern finishes, including LVP flooring, updated appliances, new windows, and sub-metered utilities (except water), ensuring cost efficiency for tenants. Most units have individual laundry spaces in unit. The well- maintained buildings provide a low-maintenance investment with strong rental potential. The buildings are all electric, with wiring and plumbing recently updated. Roofs are in good condition and all major cap ex has been completed. Located in the Lykins neighborhood, the property is near community gardens, Kansas City University, and local favorites like Café Cà Phê and Garozzo’s Ristorante. Its proximity to I-70 offers easy access to downtown Kansas City, just three miles away, appealing to tenants seeking urban convenience with a suburban feel. Investors will appreciate the area’s growth potential and consistent rental demand, while tenants enjoy a vibrant, walkable community with nearby parks and dining. The property includes 4 individual parcels, one for each building and two adjacent land parcels that are currently used for tenant parking. Professional property management is already in place. Continue with existing PM or choose your own.THE VALUE ADD PLAY
Continue to raise rents and cash flow. Lease the remaining

The Value-add play: Continue to raise rents and cash flow. Lease the remaining two units.

Why we love it: All updated units, brand new electrical and plumbing. The heavy lift of major cap ex has all been completed.

The Challenge: 100% Voucher Tenants which can limit rental increases, but rented at market value.