Description
The 27-unit Gardens on 31st consists of two 1970s construction buildings totaling 19,574 SF. This multifamily property contains a desirable unit mix of 18 2 bed/2 bath units & nine 1 bed/1 bath units. The residents enjoy the spacious floor plans, separate eat-in kitchens, some with fireplaces, a darling courtyard & convenient on-site central laundry. Dedicated parking spots with an automatic gate & keypad is also a huge plus for tenants, as carports protect cars from the elements. While working folks and young professionals are often priced out of the downtown Kansas City area, this central Kansas City, KS location offers an affordable alternative. 11 units have already received a high-end rehab with the remaining 16 still in functional occupied condition. Rehabbed units are easily achieving $1000 a month, while non-rehabbed units are getting $850 currently. Rentometer shows an average rent for a 2 bed/2 bath unit in this area as $1123. Rental upside will easily be achievable with continued exterior and courtyard beautification.
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0BEDS
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0.77ACRES
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01/2 BATHS
Description
The 27-unit Gardens on 31st consists of two 1970s construction buildings totaling 19,574 SF. This multifamily property contains a desirable unit mix of 18 2 bed/2 bath units & nine 1 bed/1 bath units. The residents enjoy the spacious floor plans, separate eat-in kitchens, some with fireplaces, a darling courtyard & convenient on-site central laundry. Dedicated parking spots with an automatic gate & keypad is also a huge plus for tenants, as carports protect cars from the elements. While working folks and young professionals are often priced out of the downtown Kansas City area, this central Kansas City, KS location offers an affordable alternative. 11 units have already received a high-end rehab with the remaining 16 still in functional occupied condition. Rehabbed units are easily achieving $1000 a month, while non-rehabbed units are getting $850 currently. Rentometer shows an average rent for a 2 bed/2 bath unit in this area as $1123. Rental upside will easily be achievable with continued exterior and courtyard beautification.
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