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Listed by Deb Whitlock • Advantage Real Estate KC, LLC
$1,200,000
Est. payment /mo
8,276 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Overlook
MLS Listing ID 2645641
Year Built 1915
Annual Tax Amount $485
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Apartment
Source hmls
Property Description
Exceptional investment opportunity to own a substantially renovated six-unit multifamily property with a 10-year tax abatement already in place. Extensive renovations completed between 2021 and 2024 have modernized the property and addressed many of the major capital components typically associated with older multifamily buildings. Improvements include a complete electrical replacement with new service, wiring, 200AMP individual unit panels, outlets, switches and fixtures; full plumbing replacement including a new main line, upgraded valve and code-compliant backflow system; new HVAC systems, water heaters, roof and sheathing, energy-efficient windows, exterior entry door with keypad security, and a new rear deck and stairs. Each unit has been fully remodeled with updated kitchens, bathrooms, flooring and appliances, along with select framing and drywall improvements completed to current building-code standards. The property also features enhanced security with motion-activated cameras and common-area lighting. All units are leased to voucher-program tenants and maintained in compliant, inspection-ready condition, providing a strong foundation for continued rental income. With major building systems and interiors already upgraded, this turnkey asset offers limited near-term capital expenditure needs. The existing 10-year tax abatement further enhances cash flow and long-term investment potential. An excellent opportunity for an investor seeking a stabilized, renovated multifamily property with modern infrastructure, established rental demand and additional upside potential.
Location
State MO
County Jackson
Zoning C2
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Appliance Dishwasher, Refrigerator, Electric Range
Exterior
Parking Features false
Utilities Available Cent Water Heater, Ind Heat And Air, Separate Meters
Roof Type Tar/Gravel
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick/Mortar
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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