58 units in the heart of midtown and just steps from the new Kansas City streetcar expansion. This property is comprised of two twin brick buildings with a charming courtyard space. This property is currently occupied mostly by voucher tenants but has the potential to be converted into a showplace in a fantastic location. Future owner could combine the mostly one-bedroom units into more spacious two-bed units with the possibility of adding in-unit laundry. Common laundry currently located in the basement. There are two offices at the property in addition to a large common lobby area. Currently the building has mostly street parking but there is potential to purchase the parking lot next door.
Cash flow as is and wait for the certain fast appreciation along the streetcar line or rehab now into luxury housing located just minutes from the Plaza, KU Med, Power and Light and all benefits of the downtown lifestyle. Rehabbed one beds across the street are currently renting for $825/month. Street car construction is in progress and will be completed by 2025.