Located in Kansas City's historic Roanoke neighborhood, 3710 Southwest Trafficway sits between some of the city’s strongest rental demand drivers—Westport, KU Medical Center, and the Country Club Plaza. Roanoke is a quiet, residential pocket within Midtown, offering immediate access to major employment, entertainment, and transit corridors.
The 12-unit property features classic early-1920s Kansas City brick construction with timeless curb appeal. Major capital improvements have been completed between 2020 and 2025, including a new roof, new asphalt parking lot, updated electrical panels, new water heaters, structural bracing, boiler repairs, and tree clearing. Core building systems are stabilized, minimizing near-term capital risk for the next owner.
Approximately half the units have been renovated, presenting a clear and manageable value-add path. Current average rents are $656 for classic units and $805 for renovated units. Market rents for comparable properties in the area support $725 for classic units and $945 for renovated units—providing immediate upside through unit upgrades and strategic lease-up.
Operational improvements also remain: a stronger property management and leasing strategy could better capture market rents, optimize tenant quality, and tighten expense controls. RUBS for utilities ($50/unit) is already in place, further boosting NOI potential.