This 12-unit multifamily property in Midtown Kansas City offers a compelling investment opportunity in a thriving rental market. Each unit has been remodeled with modern finishes, including updated color schemes, fixtures, and many featuring quartz or granite countertops with stainless steel appliances. The property benefits from strong in-place rents with immediate upside potential, allowing investors to capture forced appreciation by aligning rents with market rates.
Located near the KC Streetcar Extension stop, the property provides excellent connectivity to shops, restaurants, and employment hubs, reducing tenant reliance on vehicles. Recent upgrades include modern electrical, plumbing, HVAC systems, and vinyl windows, all replaced in 2019/2020. Additional amenities include a shared patio, off-street parking for select vehicles, and a large dry basement with a workout facility to enhance tenant retention. With taxes approximating $12,000 annually and a roof age of about six years, this asset is well-positioned for long-term stability and growth.