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The Melrose Apartments 2 Multifamily Properties Offered at $950,000 in Kansas City, MO
INVESTMENT HIGHLIGHTS
- Adjacent Six-Unit Buildings with Solid Brick Construction
- Income Upside with Cosmetic Renovations or with a Pivot to Voucher Tenants
- Near Kansas City University Medical School, Kansas City Museum & Two New Coffee Shops
- Large 1 Bed/1 Bath Floorplans with Charming Original Details
- Prime Historic Northeast Location on St John Avenue Corridor with Investments Dollars Pouring In
EXECUTIVE SUMMARY
Own a fantastic rental property in the charming Historic Northeast with The Melrose Apartments, two six-unit buildings featuring solid brick construction and original details beloved by today’s urban renters. Originally built in 1916 and well maintained through the years, these buildings offer 100% large 1-bed/1-bath floorplans with functional layouts and beautiful hardwood floors. Most units havebeen refreshed or renovated in the last five years.
Investment dollars are pouring into this growing area, with the prestigious Kansas City University of Medical Biosciences just down the street, alongside new commercial construction, dining, and two new coffee shops. While young professionals are often priced out of downtown Kansas City, Historic Northeast provides an affordable urban alternative. The Melrose Apartments delivers a stabilized asset in an appreciating submarket with great potential for income growth!
Investment dollars are pouring into this growing area, with the prestigious Kansas City University of Medical Biosciences just down the street, alongside new commercial construction, dining, and two new coffee shops. While young professionals are often priced out of downtown Kansas City, Historic Northeast provides an affordable urban alternative. The Melrose Apartments delivers a stabilized asset in an appreciating submarket with great potential for income growth!
PROPERTY FACTS
| Price | $950,000 | Number of Properties | 2 |
| Price / SF | $73.20 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 12,979 SF |
| Status | Active | Total Land Area | 0.08 AC |
| Price | $950,000 |
| Price / SF | $73.20 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 12,979 SF |
| Total Land Area | 0.08 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 104-106 N Indiana Ave, Kansas City, MO 64123 | Multifamily | 8,347 SF | 1916 | - |
| 108-110 N Indiana Ave, Kansas City, MO 64123 | Multifamily | 4,632 SF | 1916 | - |
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The Melrose Apartments
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