Holly Apartments is a delightful 9-unit building offering a mix of eight charming one-bedroom + den/1 bath apartments and one 1-bedroom/1-bath apartment in the vibrant Volker neighborhood. The property has timeless charm with beautiful hardwood flooring throughout, exposed brick walls, galley-style kitchens with white cabinets and marbled flooring. Each unit feels bright and inviting with a cozy, unique atmosphere.
The building includes coin-operated laundry in shared basement laundry room (landlord owned machines), approximately 10 off-street parking spaces, and one additional two-car garage available for additional income. Tenants pay their own gas and electric plus a fat $30 monthly utility fee for water/sewer.
Located just minutes from KU Medical Center and in the heart of one of Kansas City’s most energetic neighborhoods, Holly Apartments benefits from strong tenant demand driven by medical professionals, students, and young professionals seeking character-rich living close to the Country Club Plaza, Westport entertainment district, parks, and dining.
Why We Love It: Charming brick buildings with original details, gorgeous hardwood floors, updated windows, and exposed brick walls. Tenants love the on-site laundry, on-site parking, and an unbeatable central location. Proximity to KU med is a huge selling feature for tenants.
Value-add Play: The new owner can consider converting the den into a true bedroom by adding a closet. The easy income upside with strong tenant demand is adding in-unit laundry to the units – there is an obvious closet to add it in. Could also consider furnishing some of the units as medium term units to increase cash flow.
The Challenge: Limited unit mix diversity with one-bed + den and one bedroom units.