Property description updated with new details
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Previous Description:
Fully Renovated 4-Plex | Turnkey Investment in Kansas City, KS 66104
Seize the opportunity to own this professionally rehabbed 4-unit multifamily building in the heart of Kansas City, KS. Built for long-term durability and strong cash flow, this property is perfect for both new and seasoned investors.
Property Features:
(4) Spacious units – 2 bed / 1 bath each
Attached garages – 1-car per unit
Large rear deck with private partitions for each tenant
Tenants pay all utilities
Extensive Renovation (2021):
New roof, windows, exterior paint, rear deck, and landscaping
Interior upgrades include:
– Modern kitchens with stainless steel appliances (fridge, stove, microwave)
– New bathrooms, flooring, and sliding glass doors throughout
Mechanical updates:
– 3 of 4 HVAC systems and hot water heaters replaced
– 1 new garage door
Income & Expense Overview:
Unit 1: Vacant (Projected $1,050/month)
Unit 2: $1,050/month
Unit 3: $1,050/month
Unit 4: $1,125/month
Gross Annual Income (Fully Rented):
(3×1,050+1,125)×12=$51,075
Annual Expenses:
Taxes: $7,643.16
Insurance: $3,871.06
Lawn Care: $600
Total Expenses: $12,114.22
Net Operating Income (NOI):
$51,075-$12,114.22=$38,960.78
Cap Rate - 8%
Updated Description:
Fully Renovated 4-Plex | Turnkey Investment in Kansas City, KS 66104
Seize the opportunity to own this professionally rehabbed 4-unit multifamily building in the heart of Kansas City, KS. Built for long-term durability and strong cash flow, this property is perfect for both new and seasoned investors.
Property Features: (4) Spacious units 2 bed / 1 bath each
Attached garages 1-car per unit
Large rear deck with private partitions for each tenant
Tenants pay all utilities
Extensive Renovation (2021): New roof, windows, exterior paint, rear deck, and landscaping Interior upgrades include: Modern kitchens with stainless steel appliances (fridge, stove, microwave) New bathrooms, flooring, and sliding glass doors throughout Mechanical updates: 3 of 4 HVAC systems and hot water heaters replaced 1 new garage door
Income & Expense Overview: Unit 1: $1,050/Month Unit 2: $1,050/month Unit 3: $1,050/month Unit 4: $1,125/month Gross Annual Income (Fully Rented): ($4,275 )12=$51,300 Annual Expenses: Taxes: $7,643.16 Insurance: $3,871.06 Lawn Care: $600 Total Operating Expenses: $12,114.22 Net Operating Income (NOI): $39,185.78, Cap Rate – 8.01%.
“The property is tenant-occupied, and to respect their privacy, we’re not conducting showings until we have a signed contract in place. We're happy to proceed with offers contingent on interior inspections.”
