Madelyn Apartments

Right in the heart of Kansas City’s walkable Valentine neighborhood are two adjacent buildings with a parking lot and historic Kansas City charm. The buildings were originally constructed in 1923 and have been well-maintained since, with new electrical, plumbing, windows, and central heat and air. Units have been restored to preserve original charm while including features that the modern renter looks for including central heat and air and a dishwasher.

Renovated units feature modernized kitchens, stainless appliances, and quartz countertops. Original hardwood floors grace the entire unit except for the designer tile in kitchens and bathrooms; the wood floors add warmth and charm as light streams in from oversized replacement windows. Each building has its own coin-operated laundry room on the basement level and there is a parking lot behind the building along with ample street parking.

In addition to being in a great walkable neighborhood this property is minutes from major hospitals and employers including being less than 1 mile away from KU Medical, the area’s largest hospital and medical school and less than 3 miles from Children’s Mercy Hospital, the City’s second largest employer. The property is 1.6 miles to the famed Country Club Plaza and walking distance to all of the bars and eateries in the Valentine and Westport neighborhoods, including Missie B’s just a block away.

Why We Love It: Original charm with modern updates including central heat and air. On site parking and on-site laundry. The location does not get more central!

The Challenge: Older buildings can come with some challenges, but this well-maintained building was built to last and already has updated plumbing, electrical, new windows, and central HVAC.

The Value-add Play: Renovate units through time to get all units up to market rent and the building achieving its full income potential.