Naples & Venice on Central

Own a piece of Kansas City history with these side-by-side Colonnade buildings – the Naples & Venice. Both were originally built in 1911 and have been well-cared for since. The most recent owner has owned and managed them for them for the last 45 years. This creates a once in a lifetime opportunity to realize an income upside $400 per unit per month.

Both buildings have six 1,000 SF upper units with two bedrooms, one large bathroom, and a large private balcony. Additionally, each building has a studio unit in the basement. The large units have original hardwood floors and light streaming in from the replacement windows. The heat comes from new boiler systems while window units are used to cool in the summer.

Parking is on the street but with walk score of 85 residents can walk! Walk to the gym, coffee shop, along with bars and restaurants. Residents enjoy the convenience of on-site laundry facilities. Strategically located near KU Hospital, schools, and the new Street Car Line, these properties are just a block from Broadway, placing you at the pulse of Downtown Kansas City’s vibrant lifestyle. This is not just a property investment; it’s a lifestyle upgrade. Seize this opportunity to own a piece of history with a future full of potential!

The Value Add Play: Plan to renovate all units for significant income upside or just get all tenants up to market rent for the units current condition.

Why We Love It: Prime location, historical charm, huge 2-bedroom units, and significant rental income upside.

Challenges: Property could use updates to common areas and units but is a textbook stabilized value add project.