Property Description

This exceptionally well-updated 12-unit Midtown Kansas City apartment building offers investors a rare opportunity to acquire a stabilized asset in one of the citys most desirable and walkable rental locations. The property features twelve spacious 1-bedroom, 1-bath units, each thoughtfully remodeled with modern color schemes, updated fixtures, and many units showcasing quartz or granite countertops and stainless steel appliances. Major capital improvements have already been completed, including updated electrical, plumbing, central heating and cooling systems, vinyl windows, and numerous building components replaced in 2019?2020, creating a highly attractive, low-maintenance investment. Residents enjoy large approximately 744-square-foot units, abundant natural light, and access to a shared outdoor patio, while the property also benefits from a large dry basement with potential for additional amenities such as a fitness area to further increase rents and tenant retention. The building includes rare off-street parking for Midtown tenants and sits just steps from the Kansas City Streetcar extension, allowing residents to easily walk to restaurants, shops, employment centers, and entertainment throughout Midtown and downtown. With quality in-place rents and clear room for future rent growth, this well-maintained property combines strong current performance with meaningful upside in a highly sought-after Kansas City submarket.

Property Features

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