1612 Washington Avenue

Priced to sell! This is a rare opportunity to acquire a 10-unit apartment asset in Kansas City, KS where the heavy lifting has already been completed and the next owner captures the upside. Located at 1612–1616 Washington St, the property consists of ten 2BR/1BA units across two separate buildings in a strong rental corridor near State Avenue with quick access to grocery, restaurants, and major employment centers. Many units have been renovated with modern finishes, fixtures, flooring, and color schemes, creating attractive in-place rents with additional room for growth. Significant capital has been invested into the property, stabilizing the core mechanics of the building; while the physical asset is largely stabilized, the property still offers lease-up upside before it can be considered fully stabilized. Major improvements include water and drainage remediation with French drains, plumbing stack replacements, water heater upgrades, select furnace replacements, security cameras and lighting, back stairway replacements, and ongoing unit improvements, materially reducing near-term CapEx and ownership risk. All units are individually metered for gas and electricity with tenants paying utilities, while common area electric and laundry water remain owner-paid. The buildings feature central heating, window cooling, coin-operated laundry, and solid long-term rental fundamentals, making this an attractive blend of stabilized operations and value-add potential in one of Kansas City, KS’s most reliable multifamily submarkets.