Uncover a prime investment opportunity in the heart of Kansas City Kansas with Manor Place Apartments. This building was formerly used as a senior living facality and features 49 individual units bedroom units, an office, and a commercial kitchen. This expansive building offers spacious, rehabbed units equipped with stainless steel appliances, LVP flooring, updated finishes.
The property also offers an on-site laundry facility, a secured building, and all utilities metered separately, keeping owners costs low. A large ~50 spot parking lot addresses tenant parking needs, while the event space and outdoor courtyard provide unique amenities for community gatherings, setting this property apart from others. An office space can be located on the 2nd floor that can be used in several ways. With its blend of residential and commercial spaces, Manor Place Apartments stands as a versatile investment opportunity!
The Value Add Play: So many ways to add value depending on your strategy!
Why We Love It: There are so many way to utilize this rehabbed 40,803 building.
Challenges: This is fantastic for the right user!