Welcome to Kensington Apartments, a charming 6-unit complex originally built in 1966 and well-maintained since. This small complex is located in an area of mostly single family homes including new construction single family homes! The location is just outside of downtown Kanas City, Kansas with easy access to parks, freeways, and shopping. Each unit features a spacious living room with a patio, functional kitchen, oversized bathroom, and bedroom with a patio. Residents enjoy the convenience of dedicated off-street parking located behind the building. This stabilized property offers a solid investment with potential for increased revenue in the future.

The Value Add Play: Renovate units to a more modern standard with corresponding rental increase. For additional income, add on-site or in-unit laundry, there are already hook-ups for coin laundry but no machines.

Why We Love It: Fully occupied units with below-market rents, stable income, and proximity to the whole metro at an affordable price point.

Challenges: The building currently has central heat but does not have central air. Adding central air wouldn’t be that difficult and would be a nice feature for tenants.