Prime 14-Unit Multi-Family Property in Kansas City Discover a fantastic investment opportunity in a highly desirable location just minutes from major highways and a short distance from the iconic sports Stadiums. This property is ideally situated for easy access to local attractions, shopping, and dining. Property Overview: - Units: 14 multi-family units comprising 2-bedroom, 1-bedroom, and studio apartments. - Building Type: All brick exterior ensuring durability and low maintenance. Key Features: - Low Vacancy Rates: Strong rental demand in the area. - Major Capital Improvements: - New roof installed on both east and west wings in 2019. - Eight new high-efficiency furnaces and meters added for improved energy management. - New gutters and front soffits installed in 2021. - Eight of the two-bedroom apartments upgraded with new central AC units in 2024. - Future Improvements: Planned renovations in the north and south wings scheduled for Spring 2025, offering potential for increased rental income and property value. Additional Revenue Opportunities: - Potential for additional income through service fees and parking fees, maximizing revenue streams. Zoning: - Zoned as C2 (Commercial), providing flexibility for future development or enhancement of services. Opportunity Zone: - Located in Opportunity Zone ID: 29095011800, presenting tax benefits and incentives for investors. Investment Highlights: This property not only offers a stable income stream but also holds immense potential for growth and appreciation in a thriving market. With its strategic location near major sports venues and recent upgrades, this multi-family property is an excellent addition to any investment portfolio.
Mls | 2520696 |
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Listing Type | For Sale |
Style | Con |
Subtype | Resale |
Status | Active |
Year | 1967 |
Days On Site | 19 |
Listing Provided By | Keller Williams Southland | Rustalyn York |
Storys | 2 |
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Units | 14 |
Zoning | Res |
Acreage | 0.30 |
State | MO |
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County | Jackson |
City | Independence |
Zip Code | 64052 |
Area | 206 Independence Area |
Community Name | Evanston |
School District | Van Horn |
Elementary School | Abraham Mallinson |
Middle School | Nowlin |
High School | Van Horn |
Listing VS Median (in Evanston) | |
Price: $1,345,000 low | high Med: $0 On Site: 19 low | high Med: |