Two Multifamily Properties for Sale Multi-Family FOR SALE


Kansas City, MO - North India Mound
$2,230,000 USD
913-308-0303
, Kansas City, MO for Sale
$2,230,000 USD
Multi-Family - FOR SALE
1/2
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Two Multifamily Properties for Sale
Kansas City, MO
North India Mound


HIGHLIGHTS

  • Two well-maintained brick buildings in a revitalizing neighborhood
  • 24 large one-bedroom units with extra office/den space
  • Recent capital improvements: TPO roofs, updated systems, vinyl windows
  • Fully occupied with stable voucher-backed income
  • Value-add potential through rent growth and parking expansion

OVERVIEW

Discover a rare opportunity to acquire two fully stabilized multifamily assets in Kansas City’s revitalizing Northeast neighborhood. The Carolina and The Dakota on Lawn comprise 24 spacious one-bedroom units, each featuring an additional office or den for flexible living. These classic brick buildings blend historic charm with modern upgrades, including newer windows, updated electrical and plumbing systems, and TPO roofs installed in 2021. Currently 100% occupied under a veteran voucher program, the portfolio delivers consistent cash flow and operational stability. Tenants enjoy central heating and cooling, individual gas water heaters, and sub-metered utilities for gas and electric, while water and trash remain landlord-paid. With average rents below market, investors can unlock upside through cosmetic renovations and utility expense shifts. Strategically positioned near major Kansas City thoroughfares, this location offers quick access to downtown, employment hubs, and cultural attractions. The surrounding area continues to benefit from significant public and private investment, driving long-term appreciation potential. For added value, consider acquiring and paving the adjacent vacant lot to create off-street parking, enhancing tenant convenience and property appeal. This turnkey investment combines reliable income with clear pathways for growth—ideal for buyers seeking strong returns in a dynamic Midwest market.

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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Michelle LutzLutz Sales + InvestmentsMore Info
913-308-0303

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