This well-kept 12-unit property is in a fantastic midtown location. With mid-century charm and dedicated parking this property is perfect for a luxury renovation including the addition of three short-term rental units. The walkable neighborhood close to KU Medical has proven high demand for short-term rentals. The new owner could realize upside in rents without renovations; but with a luxury renovation, this property becomes a trophy asset. Laundry is currently coin-op in the basement but there is an ideal location in each unit to add a stackable washer and drier. Don’t let this opportunity pass you by!
What we love: Walkability in a cute neighborhood by so much of what KansasCity has to offer – midtown, KU med, Westport, and the Plaza. Great unit layouts for renovation with charming original details – custom cabinets and hardwood floors
Property Challenges: Requires cosmetic renovations in several units and a new flat roof. Renovations needed to achieve market rents – if you don’t like a value-add project this one isn’t for youBuyer Detail and Financials