Well located in the geographic heart of Kansas City is this desirable little gem of a cash flowing investment. Comprised of four adjacent duplexes on one parcel for a total of 8 units, this investment is well poised for stable long term rent growth. Located just blocks from University of Kansas Medical Center, Kansas’ only medical school with over 5,100 employees and 6,000 students between its school of medicine and nursing.
The property consists of 4 single story garden style duplexes with courtyards in between. Each unit has a front door and a back door out to a small backyard patio area. Three duplexes are situated on 4+/- foot crawl spaces with one constructed on a full basement for additional space that could be utilized in many different ways such as common laundry or recreational space.
All units have been rehabbed and feature 2 bedrooms and one bathroom with a separate kitchen and living area. Tenants pay all their own utilities including water and trash. Each duplex has access to a dedicated adjacent parking lot with parking for 2 cars per unit.
$1,098/mo is currently the highest rent being achieved with rentometer showing an average rent for a 2 bedroom/1 bathroom in the immediate area of $1,461 per month.