Incredible opportunity to own a newer construction portfolio in prime suburban areas of the Kansas City metro. This portfolio is made up of a fourplex and three duplexes. All of the units are larger and have attached garages with 8 three-bedroom units and 2 two-bedroom units. The average year of construction is 2003 which results in low capital expenses and low insurance costs. Rental rates have room to increase across the portfolio, and the properties could be sold for a premium individually in the future.
Located throughout the growing Kansas City metro area, the portfolio benefits from steady demand driven by top schools and major employers such as Cerner (Oracle Health), Hallmark, and H&R Block, plus leading medical centers at Saint Luke’s Health System and Truman Medical Centers. Tenants also enjoy easy access to attractions like the Nelson-Atkins Museum of Art, shopping at Country Club Plaza, and green spaces such as Loose Park, perfect for drawing families and working professionals. With strong occupancy and smooth operations, this investment delivers reliable cash flow alongside the area’s solid average yearly appreciation and rising economy.
Why we love it: Low owner expense ratios with submetered utilities, newer construction large units with 100% attached garages. Demand for large units in well-rated school districts has never been higher!
The Challenge: Some operational inefficiency with units spread out across the metro instead of being under one roof.
The Value-add Play: Raise below-market rents to market levels and consider selling off each unit/building individually in the future.