$875,000 $4,697 est/mo Sourced by Back At You

4201 S Minnie Street,Kansas City, KS 66103

Kansas City KS, 66103

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Description

MAJOR PRICE REDUCTION 7 turnkey units. 100% Occupied! Minnie Ridge Apartments, next to KU Med. Exceptional investment opportunity in the heart of Kansas City, Kansas! Boasting seven units thoughtfully designed for comfort and convenience, this property offers a diverse unit mix of studio, 2BR/2BA, and 2BR/1BA. The property is a turnkey investment, ready for you to purchase, manage, and elevate rents to market rates, including the addition of a bill-back program. Exceptionally Low owner expenses. Completely rehabbed with upgraded electric and plumbing with in the last 10 years or so. New roof in the last 7-10 years (paperwork available), water heaters less than 5 years old. Everything in the building is 10 years old or newer. Situated near the high-demand neighborhood of KU Med, this property's outstanding location is complemented by very low owner expenses, efficiently managed through self-management currently. The apartments feature central heating and cooling, washer and dryer in all units, and essential amenities such as dishwashers (excluding studios). With recent renovations and ongoing maintenance, this property requires nothing more than rent optimization. Attracting a diverse tenant base of med students, researchers, doctors, nurses, and professionals, Minnie Ridge Apartments is a lucrative opportunity for savvy investors. This will appreciate exceptionally well due to the exploding KU Med corridor as the hospital system continues to expand and reinvest. Lenders are standing by and want to lend on this asset (see supplements). The strategic location, adjacent to the thriving 39th St entertainment district, underscores the fast-appreciating value of this investment. With easy access to major arteries, including I-35, and proximity to downtown, Westport, and Country Club Plaza, Minnie Ridge Apartments offers both a quiet, vibrant community atmosphere and the potential for substantial returns.

Details

MLS#2469249
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1960
Days On Site89
Listing Provided ByXChangeCRE | Alex Olson

Features

Story(s)3
Units7
ZoningMF
Acreage0.17
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Learn More About This Property

StateKS
CountyWyandotte
CityKansas City
Zip Code66103
Area405 N=Ks Rvr;S=Jo Co Ln;E=StateLn;W=18th St
Community NameLombard Pk Add
School DistrictKansas City Ks
Listing VS Median (in Lombard Pk Add)
Price:
$875,000
low | high
Med:
$0
On Site:
89
low | high
Med:
Sourced by Back At You
Listing Updated: April 9, 2024 at 4:53:39 PM PDT