Cherry Street Apartments

Welcome to the Cherry Street Apartments, located in the thriving Northland with easy access to all of Kansas City. This property offers 1983 construction and all-electric buildings with efficient studio units. The property is three buildings on one two acre parcel with 33 units in use with the 34th unit converted to a coin operated laundry room. There is ample on site parking with a large dedicated parking lot and a park-like atmosphere.

Cherry Street Studios is under a five minute walk to the North Oak Bus Stop along North Oak Trafficway, a major thoroughfare. Additionally, it is a short drive to the new KCI Airport and close to restaurants, shopping,  and retail. This property has experienced consistently high occupancy over the years as a clean, affordable choice for low-cost living. This property is ideal for residents seeking both convenience and community. The low price per door makes this property very attractive to investors seeking consistent high returns in the booming Northland Kansas City submarket.

Why we love it: Excellent in-place price-to-rent ratio for 1980’s construction. Efficient units are perfect for folks looking for simple low-maintenance living.

The Challenge: Units will always be studios. Heating and cooling is with a PTAC unit (i.e., what is in a hotel) not central heat and air.

The Value-Add Play: Get all units up to market of $795/mo and consider flexible furnished leasing for those in town for work to increase cashflow.