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Listed by Alex Olson • Legendary Apartment Brokers
$ 792,000
Est. payment | /mo
0.5 Acres Lot
$ 792,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Maple Leaf
MLS Listing ID 2621527
Year Built 1950
Annual Tax Amount $12,107
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Apartment
Source hmls
Property Description
4 duplexes, all are 2 BR 1 BA, all on one parcel. Fantastic opportunity to own 8 stabilized units in the highly desirable Rosedale / KU Med corridor of Kansas City, KS, with current rents strong enough to crush the 1% rule. Each unit features spacious bedrooms, a practical galley kitchen, its own water heater, HVAC system, and appliance package, plus washer and dryer included in each unit. The property is fully occupied and offers off-street parking for tenants, central heating and cooling, several newer HVAC systems installed in recent years, and pitched roofs for lower maintenance and more affordable replacement costs compared to flat roof multifamily properties. Located just blocks from KU Med, State Line, Westport, and the Johnson County / Jackson County line, this urban-core location provides excellent tenant demand with quick access to the Plaza, Downtown Kansas City, Overland Park, restaurants, shopping, major employers, and surrounding neighborhood amenities. The property has been stabilized following a completed turnaround and sits in a growing corridor surrounded by owner-occupied homes, new apartment construction, and strong rental demand. A rare chance to acquire a small multifamily asset with scale, location, strong rent-to-price fundamentals, and straightforward operations in one of the most attractive rental pockets in the metro.
Location
State KS
County Wyandotte
Zoning MF
Interior
Heating Natural Gas
Cooling Electric
Fireplace N
Appliance Refrigerator, Free-Standing Electric Oven
Laundry Inside
Exterior
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Block,Frame
Schools
School District Kansas City Ks
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
