The Olivia Apartments

Property

Units: 16
Price: $1,150,000
Year built: 1945

DESCRIPTION

Two 8 unit buildings on one parcel spanning two iconic streets in the historic Northeast. In between the buildings there is parking. Desirable two story durable brick buildings with a solid value add component and upside on rents. 

Why we love it: Gladstone Blvd. is the crown jewel of the historic northeast. There is so much growth in the area – two new coffee shops, renown medical school expansion, and the long awaited re-opening of the Kansas City Museum. The buzz is in the historic northeast and prices have been on a tear. 

The challenge: Half of the units still need to be rehabbed, no central air, and units will always be one bedroom / one bathroom. 

 

Buyer Detail and Financials

GALLERY

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