Sixth Terrace Six

Savvy real estate investors will love this well maintained Blue Springs 6 plex! Located in a safe, affordable suburb of Kansas City, this property checks all the boxes! 2 bedroom units with a dedicated on site laundry room for additional income. Tenant demand will be strong with the dedicated off street parking lot and the centrally located fantastic location adjacent to lots of shopping and dining and in a highly rated school district! Very close to I-70, this location is just a few minutes from any part of the city. This property is very easy to own and maintain. Third party property management is already in place and they are happy to continue managing. Alternatively, you are welcome to bring your own property manager or self manage. Check out the rent roll and see the immediate ability to increase rents. Currently one unit is being held vacant for showings. All other units are occupied and current with long term fantastic tenants. Electricity & Gas are submetered, while Water has one meter, paid by the landlord. Curious about the tax benefits that could be available to you as the new owner? Need help sourcing a lender well suited to financing this property? Reach out! Happy to help walk any investor through the process of acquiring cash flowing small multifamily rentals in Kansas City. Sorry, no seller financing available, please do not ask.

Why We Love It: This has all the features we look for in a rental, 100% 2 bedroom units, on site parking, and on site laundry. Quiet location with highly rated Blue Springs Schools is the icing on the cake.

The Challenge: As units turn over cosmetic updates will be needed to bring units up to market rent.

The Value Add Play: Sign existing tenants on new leases as they expire or give notice to achieve major income upside. Add in-unit laundry for increased income.