You won’t want to miss this triplex in Kansas City, MO, located near the Plaza and Old Westport, offering easy access to shopping, dining, and the new streetcar line. Each of the three 2-bed, 1-bath units has been renovated and two of them are currently rented at $1,150/month, featuring LVP flooring and stainless steel appliances for a modern touch. Tenants enjoy the private patios and on-site parking. This is an ideal investment in a vibrant neighborhood.
Why We Love It: Spacious units offering significant rental upside potential. Located steps from the streetcar line, these apartments are a short walk from everything the Kansas City metro has to offer, including top-notch restaurants and coffee shops. The coveted parking lot behind the building is a rare and valuable amenity in this area.
The Challenge: Older properties may require budgeting for additional capital expenditures due to maintenance and repair needs.
The Value Add Play: Rent the final unit and move all rents to market value as unit turn.