The Melrose Apartments Multi-Family FOR SALE


Kansas City, MO - Scarritt Point
$950,000 USD
913-426-5576
, Kansas City, MO for Sale
$950,000 USD
Multi-Family - FOR SALE
1/11
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The Melrose Apartments
Kansas City, MO
Scarritt Point


HIGHLIGHTS

  • Adjacent Six-Unit Buildings with Solid Brick Construction
  • Large 1 Bed/1 Bath Floorplans with Charming Original Details
  • Income Upside with Cosmetic Renovations or with a Pivot to Voucher Tenants
  • Prime Historic Northeast Location on St John Avenue Corridor with Investments Dollars Pouring In
  • Near Kansas City University Medical School, Kansas City Museum & Two New Coffee Shops

OVERVIEW

Own a fantastic rental property in the charming Historic Northeast with The Melrose Apartments, two six-unit buildings featuring solid brick construction and original details beloved by today’s urban renters. Originally built in 1916 and well maintained through the years, these buildings offer 100% large 1-bed/1-bath floorplans with functional layouts and beautiful hardwood floors. Most units havebeen refreshed or renovated in the last five years. Investment dollars are pouring into this growing area, with the prestigious Kansas City University of Medical Biosciences just down the street, alongside new commercial construction, dining, and two new coffee shops. While young professionals are often priced out of downtown Kansas City, Historic Northeast provides an affordable urban alternative. The Melrose Apartments delivers a stabilized asset in an appreciating submarket with great potential for income growth!

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.