Great opportunity to own spacious suburban buildings tucked in a quiet cul-de-sac. This property is comprised of 22 units, featuring a combination of four fourplexes and three extra large duplexes.
Residents appreciate the convenience of common on-site or in unit laundry facilities and ample off-street parking. The central Kansas City location is near highways, shopping, and parks with easy communing options throughout the metro.
Whether you’re an experienced investor or exploring your first venture in real estate, this property offers a promising opportunity for steady income and future growth.
The Value Add Play: Serious potential for increased cashflow with light cosmetic updates to bring them to the market rents.
Why We Love It: The property’s cul-de-sac location offers a quiet environment with easy highway access. The mix of fourplexes and duplexes appeals to diverse tenants, with on-site laundry and ample parking adding convenience. We like the mix of both 4plexes with common laundry AND extra large duplexes with garages and in unit laundry. A great mix of unit types in one purchase.
Challenges: One of the fourplexes is currently completely vacant, but ready to be leased following the completion of a recent renovation. Operational inefficiencies with the current PM have led to less than stellar performance over the previous 18 months but someone with time and vision could easily get income much higher in short order.