Introducing Benton Apartments in Kansas City, fully renovated side-by-side six-unit buildings (12 units total) just three miles from downtown. Six of these spacious two-bedroom, one-bathroom units were extensively renovated in 2024 with modern finishes, tile bathrooms, new cabinets, updated flooring, new appliances, and fully remodeled kitchens and bathrooms. The other 6 have long term tenants and were updated over the previous 5 years. Each unit also has been upgraded to include brand-new plumbing, electrical systems, and HVAC mechanicals. *** financials do not fully reflect current rent roll. Building 1 was vacant thru the extensive renovation and has new leases signed. The first 2 tenants have moved in and the remaining 4 will be moving in over next 45 days. Building 2 is fully occupied with stable long term tenants. *** The property is fully occupied and stabilized on a mostly voucher tenant base, offering immediate cash flow. Each unit has separately metered utilities (excluding water). Residents enjoy private, expansive front and back balconies for all units, as well as a dedicated parking lot conveniently located behind the buildings. In-unit washer dryer hookups are in each unit. Located in an up-and-coming area, Benton Apartments presents an excellent opportunity to capitalize on both consistent cash flow and long-term appreciation. Don’t miss out on this turnkey asset in a thriving market.
MLS# | 2524436 |
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Listing Type | For Sale |
Style | Condominium |
Sub-Type | Resale |
Status | Active |
Year | 1930 |
Days On Site | 34 |
Listing Provided By | Lutz Sales + Investments | Michelle Lutz |
Basement | Y |
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Story(s) | 3 |
Units | 12 |
Zoning | COM |
Acreage | 0.26 |
State | MO |
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County | Jackson |
City | Kansas City |
Zip Code | 64128 |
Area | 202 Kansas City Area (So. of River) |
Community Name | Santa Fe Place |
School District | Kansas City Mo |
Listing VS Median (in Santa Fe Place) | |
Price: $950,000 low | high Med: $229,950 On Site: 34 low | high Med: 146.000000 |