Package of 16 ranch-style duplexes in the charming suburban Arrowhead Hills neighborhood. All units are two-bedroom, one-bathroom featuring functional layouts with a dedicated laundry area containing side-by-side washer/dryer hookups and dedicated off-street parking right in front of the duplex.
These duplexes have very low owner expenses, and residents pay for their own gas, electric, water, and trash. Landlord only pays property taxes, insurance, lawn care, and 3rd party property management fee if using professional management. The duplex package contains mostly newer roofs and mechanicals.
This package is both a solid cash flow opportunity and very liquid, properties can be sold off individually or as a package in the future. Don’t miss this great opportunity!
The Value Add Play: Cosmetic renovations as tenants move out will allow increased income to juice cash flow.
Why We Love It: All the features we look for in a Kansas City multifamily two bedrooms, dedicated parking, and an in-unit washer/dryer. We also love how low the expenses are for the owner with all utilities submetered, including water and trash.
Property Challenges: Some cosmetic renovations through time required to get this package to full market income.