Renovated 6 PLEX near downtown! Attention Investors! Looking for stable cash flow in up-and-coming area? You've found it! The Avilla Apartments is priced to sell at under $82k/door. Five of the six units are freshly rehabbed. Five of the six spacious 1 bed/1 bath units are on regular long term leases. One unit is being used as a medium term rental with lots of extra cash flow. Off-street dedicated parking on the vacant lot next door which comes along with the sale. Common laundry room in basement adds additional income with coin op machines that transfer in the sale. Upside with future development potential! The Historic Northeast is just two miles from downtown KC, the medical school and the freeway. Property values are rising quickly in this up and coming neighborhood. Buy in the path of progress and take advantage of KC cash flow and appreciation. This building has undergone tons of updates! Brand new roof! New plumbing with tankless hot water and updated electrical. The recently updated common areas are rich with historical charm. Two new coffee shops and new development along Independence Ave are just a few blocks away. Sale includes the two vacant lots to the South, which extends to St John Ave and has future development potential. This is currently being utilized for off street tenant parking. 6 one bedroom 725 sq foot units in a 3 story building. Central heat and AC. Utilities separately metered except for water. Washer and Dryer coin op laundry in basement, comes with the sale. Currently owner managed but several possibilities for 3rd party property management ready to take over. Currently fully occupied. Sit and cash flow from afar with local property manager or great for a local investor who wants to self manage.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
