About this property

PRICE DROP - BRING OFFERS - 26 units. twenty 1BR, five Studios, and one 2BR 1Ba. Laundry in lower level of building. Execute business plan to achieve nearly a 9% cap rate. Units have been remodeled over time. Appliances replaced as needed. Class A location with broad appeal due to it's economic benefits. Unique micro location. Located in a private park-like setting surrounded by playfields. Exceptional highway access to everything in Kansas City. Amazing transportation channels - located next to main arteries of travel throughout KC and Northland. Within minutes of restaurants, grocery store, and entertainment. Fantastic price per unit. Located in coveted area north of the river, strongest growing sub market in KC metro. Ability to push rents further on lease up as units turn (see rent study). Highly desirable assets in KC in this location creates forced appreciation. Continue to make the building nicer over time or right away to maximize building potential. Although RUBS program is in place, improve water conservation with low flow toilets or similar as units turn and upgrade common area lighting to LED to lower utility bills. No seller financing or loan assumption.

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