1612 Washington Avenue, Kansas City, KS 66102

Priced to sell! This is a rare opportunity to acquire a 10-unit apartment asset in Kansas City, KS where the heavy lifting has already been completed and the next owner captures the upside. Located at 1612–1616 Washington St, the property consists of ten 2BR/1BA units across two separate buildings in a strong rental corridor near State Avenue with quick access to grocery, restaurants, and major employment centers. Many units have been renovated with modern finishes, fixtures, flooring, and color schemes, creating attractive in-place rents with additional room for growth. Significant capital has been invested into the property, stabilizing the core mechanics of the building; while the physical asset is largely stabilized, the property still offers lease-up upside before it can be considered fully stabilized. Major improvements include water and drainage remediation with French drains, plumbing stack replacements, water heater upgrades, select furnace replacements, security cameras and … read more …