Parkplace West Apartments
Historic 8-plex with Major Capital Improvements Completed
Marketing description
Parkplace West Apartments is a charming, well-maintained eight-unit building in a central Kansas City location. Originally built in 1910, the property features four spacious 2-bed/1-bath units and four 1-bed/1-bath units, all with beautiful original hardwood flooring that appeals to tenants seeking character. Each unit has its own private balcony.
Current ownership has done the heavy lifting during their ownership: all mechanical systems and the roof have been replaced within the last seven years, the electrical panels have been updated, and all unit interiors have been updated. Laundry hookups are conveniently located in the basement.
This classic eightplex offers stable cash flow in an established neighborhood with strong tenant demand from both market-rate and voucher tenants. The location provides excellent access to major employers and hospitals, including Saint Luke’s Health System, Children’s Mercy Hospital, University of Missouri-Kansas City (UMKC), and Rockhurst University. Cultural and recreational amenities abound—just minutes from the Nelson-Atkins Museum of Art, Kemper Museum of Contemporary Art, and Loose Park.
With capital expenses complete and timeless appeal, Parkplace West Apartments delivers reliable income with low near-term maintenance needs and solid long-term appreciation potential in a desirable submarket!
Investment highlights
- Historic 8-plex with Four 2 Bed/1 Bath and Four 1 Bed/1 Bath Units
- Beautiful Hardwood Flooring and Classic Finishes Throughout
- Major Capital Improvements Completed
- Prior Seller Invested Heavily to Bring the Building to "Rent-ready" Condition
- Laundry Hookups in the Basement
- Beautiful Original Hardwood Flooring Throughout
- Timeless Character
- Large Private Balconies
- On-site Laundry Hookups
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