This newly upgraded 10-unit multifamily property in Kansas City, MO represents a distinctive opportunity for investors seeking a stabilized asset with strong future development potential. Situated on 0.63 acres and zoned B3-2, the property allows for the possibility of expansion or conversion to alternative uses, such as residential, commercial, or adding additional multifamily units, based on a recent feasibility study.
Completely renovated in 2022, this property provides immediate operational efficiency and reduced long-term capital expenditure. Major updates include full bathroom upgrades, efficient kitchenette installations, luxury plank flooring, split HVAC systems with heat pump, new high-efficiency water lines, and enhanced insulation for energy savings. Current occupancy exceeds 95%, generating over $97,500 in gross annual income, with stable cash flow and future upside through added development or enhanced operations.
Located along E 63rd Trafficway near Blue Ridge Blvd, the site offers convenient access to essential retail, groceries, coffee shops, and lifestyle services, creating strong demand appeal for tenants. With its turn-key condition, zoning flexibility, and proximity to key neighborhood amenities, this asset positions itself as a long-term hold, transitional housing opportunity, or expansion play in a high-demand Kansas City submarket.