Northeast Rental Portfolio

Discover this exceptional investment opportunity with 11 single-family homes in the vibrant Historic Northeast Kansas City! This portfolio features two 3 Bed /1 Bath homes and nine 2 Bed/1 Bath homes, built between 1900-1952 and meticulously maintained by a general contractor owner. Updates include HVAC, plumbing, flooring, and ongoing maintenance. Fully occupied, the 3-bedroom homes average $1,066/mo (market rents ~$1,250/mo), and the 2-bedroom homes average $1,050/mo (market rents ~$1,140/mo). Tenants handle all utilities and lawncare, minimizing owner expenses. Happy tenants, some past their first year, ensure stable cash flow. Self-managed by the seller, with flexibility to hire a property manager while maintaining strong returns. Located in an up-and-coming area near downtown with easy highway access, enjoy proximity to attractions like the Kansas City Museum and River Market. Ideal for investors seeking long-term appreciation in a growing market!

Why We Love It: Excellent in-place price to rent ratio. Turnkey stabilized assets.

The Challenge: May not see much appreciation in the short term as the area continues to develop.

The Value-add Play: Plan for a long-term hold, and continue to keep tenants happy and steadily paying.