6016 Leavenworth Rd, Kansas City, KS 66104

2 Story property

49 Units

15-Studios 

32-1bed 1bath

2- 2bed 1bath

UPDATES AS OF 05/25/23

NEW ROOF ON PROPERTY

DEMO'D SMOKE DAMAGE

SMOKE STAINS REMOVED

Two units caught on fire in December & all the tenants had to vacate.

The new price reflects the rehab costs & the rental loss for the few months it’s being rehabbed.

Property has an industrial kitchen in the property.

all units are separately metered

Asking Price: $2.50M OR BEST OFFER As Is 

Cap Rate: Was at 8.4% before fire

Property sits vacant

Rehab estimate around 400k-500K for the entire building from various contractors who walked the building

Property will need to undergo rehab but is a value add deal that will be sure to make your money back in no time

Property is being sold as is! The property once rehabbed will be home to higher paying tenants and would rent out for much more before hand.

Value add deal! This property can raise up to a 10%+ cap rate due to renovations and location

Tons of potential in this property at just 2.50MM or best offer this property would be a great pick up

Message me for pics/financials💎

🔥Contact me today at 586-556-1365 to set up a walk through and to submit your highest and best offer🔥

BUYERS ARE REQUESTED TO DO THEIR OWN DILIGENCE ON THIS PROPERTY. YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY.

● Buyer pays all closing costs

● Get in touch with us now!

NOTE: YOU ARE STRICTLY PROHIBITED FROM CONTACTING ANY SELLER.

Make an Offer: Submit your offer and information at the top of this screen by clicking "Make an Offer".

Contract: A contract will be delivered electronically once an agreement has been made and must be executed by Final Buyer within 24 hours. Once the contract is signed, we will introduce you to our third party Title Company we use who will help facilitate the closing process.

Earnest Money Deposit (EMD) must be wired to the Title Company within 1 day of Contract signing.

Closing Costs: End Buyer will pay all closing costs and will be outlined on the final settlement statement of the deal. 

💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING (WHICH WILL HAPPEN ON THIS DEAL) AND 🔐 LOCK IT DOWN RIGHT NOW 💥

DISCLAIMER: This is an Assignment of Contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT Brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.