5401 27Th TerKansas City, MO 64128

This meticulously renovated 8-unit apartment building in Kansas City, Missouri presents a compelling investment opportunity. Boasting a total of 6,000 square feet, including 5,200 square feet of net rentable space, this property offers a strong 8% cap rate and a substantial net operating income (NOI) of $78,026. The building, constructed in 1960 and completely renovated in 2024, features all-brick construction, separate electric meters for each unit, and security cameras for enhanced safety. Improvements include a new roof, electrical system, plumbing, drain lines, windows, insulation, and HVAC. The property is 100% occupied as of June 1, 2024, and benefits from its location on a bus line. An added bonus includes two unfinished basement units, already framed with HVAC, electrical, and plumbing infrastructure, presenting potential for future expansion and increased revenue. The property sits on an 8,689 square foot lot, zoned R 1.5, and is currently operating as an LLC-owned stabilized investment. The asking price is $975,325, translating to $121,915 per unit and $162.55 per square foot. A laundry room is available for tenant use. This is a turnkey opportunity for a savvy investor seeking immediate cash flow and significant upside potential.