Lenox Fourplex

Modern Multi-Family Property in Kansas City! Built in 2016, this well-maintained Fourplex features four spacious 3 Bed/2.5 Bath units, each with 1,523 sqft. Two end units include 2-car garages, while middle units have 1-car garages. Hardwood and vinyl flooring throughout, with in-unit washer/dryers. The floor plans are two-story townhome style, with each unit enjoying a private back patio. Current rents: $1,830/mo, $1,860/mo, $1,760/mo, and $1,560/mo (month-to-month), with market rents at $2,040/mo. HOA ($195/mo per unit) covers all exterior maintenance and master insurance. Near Shoal Creek Golf Course, Zona Rosa shopping, and lots of restaurants, with easy access via I-29 and I-435. Ideal for investors seeking strong rental income in a desirable area! Perfect for the sophisticated house hacker. 

Why We Love It: This is an A class building in an A class Tiffany Springs location with highly rated schools. Great high end tenants and this building backs to green space. 
 
The Challenge:  The HOA is spendy but you do get full property insurance, all exterior maintenance and roofs covered for the cost. The in place cap is not setting any records but beautiful newer construction is never cheap. 

The Value-Add Play: This is a perfect building to set and forget and use the 100% bonus depreciation just passed to cut down your tax bill for 2025.