1012 Chestnut Avenue

Fully Renovated Quadplex (2 bed 1 bath per unit) – Turnkey Investment in Downtown Kansas City (Update! 50% has been leased.) Outstanding investment opportunity located just minutes from premier entertainment, dining, and business districts in downtown Kansas City. This fully renovated four-unit property is completely turnkey, offering immediate cash flow and minimal maintenance requirements. Each apartment features a desirable 2-bedroom, 1-bathroom layout—perfect for long-term tenants seeking updated living spaces in a convenient, central location. Recent renovations include modern finishes throughout, updated electrical and plumbing systems, and new heat pump HVAC units for all four apartments (installed in 2025). Each unit also features a built-in microwave oven over the range and in-unit laundry hookups ready for a stackable washer and dryer. Additional updates include new structural wood beams reinforcing the foundation, four water heaters ranging from one to six years old, and a roof replacement completed in 2015. The property boasts an attractive brick exterior on three sides and a welcoming covered portico entry. This turnkey property offers strong rental potential with projected gross income of up to $4,000 per month, or $48,000 annually. The high-demand 2BR/1BA layouts promote excellent tenant retention, while the downtown location ensures consistent demand and long-term appreciation potential within one of Kansas City’s most promising growth corridors.