Linwood Portfolio

Discover the Linwood portfolio, an exceptionally well maintained 26-unit portfolio in the heart of Kansas City Metro, featuring three stately brick buildings with six, eight, and twelve units. These properties offer a diverse unit mix, including six three-bedroom, ten two-bedroom, ten onebedroom units, catering to a wide range of tenants. Each building is equipped with on-site dedicated laundry facility for added tenant convenience and additional income with landlord owned laundry equipment. Extensive capital improvements include all new windows, roofs, plumbing, electrical, and HVAC across the entire portfolio. The landlord will inherit no voucher tenants and zero delinquency with all tenants on MTM leases. Foundations are in exceptionally good condition with steel beams and basements are dry. All buildings have high historical occupancy and are stable. Many of the 2 and 3 bed units can be converted to add an additional bedroom with minimal work.

The value-add play: As units turn, raise rents to market value and add the extra bedroom. Open the nice, operational laundry rooms back up. Consider adding voucher tenants for increased rents based on FMR.

Why we love it: Updated electrical, plumbing, windows, roof and renovated units! Under market rents currently in place but LOTS of room to increase. No voucher tenants. Rare to see buildings this nice with 3 bedrooms in KC. Assumable debt is possible.

The challenge: Not everyone loves this urban pocket of Kansas City. No dedicated parking.