Roberts Apartments
Renovated 14 Unit Apartment Building
Marketing description
This 14-unit solid brick building is a deep value add project. The building is 100% vacant and the electrical, plumbing, and furnaces have been stripped out of the building by squatters. This building is a good opportunity for an operator with a lot of experience in challenging neighborhoods and a strong operational presence.
The property is 100% 1 Bed / 1 Bath units that were formerly renovated, although they may be damaged now. This one is going to take a lot of work but once done it is a great match for voucher tenants. The building is submetered for electric with the landlord paying for water, gas, and trash.
Once fully renovated and stabilized, this property offers the potential for strong, reliable cash flow with low turnover through voucher or market rate tenants. The solid brick construction provides a durable foundation, allowing an experienced operator to create significant long-term value in a location with consistent demand for affordable housing near downtown Kansas City.
Investment highlights
- Large Value-add Project
- Perfect for Voucher Tenants
- Newer Rear Decks
- Great Proximity to Downtown Kansas City
- Newer TPO Roof
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