1612 Washington Avenue, Kansas City, KS 66102

Property Description

Price REDUCED! 100% occupied - Crush the 1% rule ($8,400 rental income per month!) with this turnkey 10 plex. Fantastic opportunity in Kansas City, KS with pricing that stands out. Additional rental upside remains (see rent study). Located at 1612?1616 Washington Ave, the property consists of ten large 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 that support consistent tenant demand. Units have been updated with modern finishes, fixtures, flooring, and refreshed color schemes, supporting strong in-place rents with clear runway to push to market levels. Significant capital improvements have already been completed, including water heater upgrades, select furnace replacements, back stairway replacements, and ongoing unit improvements, helping reduce near-term CapEx and ownership risk. All units are individually metered for gas and electricity with tenants paying their own utilities, while common area electric and laundry water remain owner-paid. The property features central heating, window cooling for reduced maintenance costs, coin-operated laundry for additional income, and a layout that continues to perform well with renters seeking functional, spacious units, offering a solid combination of in-place income and remaining upside in a proven Kansas City, KS multifamily corridor.