1614 E Linwood Boulevard, Kansas City, MO 64109

Back on the market, Lincrest Apartments offers investors a solid opportunity to enjoy both cash flow and appreciation in this 16 unit property with 3 bonus studios. Currently 9 of the 16 units are completely renovated and 7 are just waiting for a higher end finish. Units are comprised of 16 large 2 bedroom + den units and 3 completely redone modern studio units. Conveniently located between 71 Hwy and The Paseo, this property is just minutes from the new streetcar expansion, 1.2 miles from Costco and 2 miles from Children’s Mercy Hospital. New construction and renovation are all around this property.

A mostly professional tenant base enjoys large 1300 SF units with in-unit laundry, dedicated parking directly adjacent to the building, and renovated units have stainless steel appliances and original refinished hardwood floors. All units have central heat and AC. Ownership has recently invested over $400k in major cap-ex upgrades and renovations, including adding W/D hookups to each unit, completely renovating 9 of the units, and reviving 3 studio units in the basement with an impeccable finish.

New property management was put in place six months ago, the building has solid rents with occupancy on the upswing. The most recent leases have been signed at $950 per unit.

This area of the city is seeing a resurgence of activity and growth. The Lincrest Apartments will offer investors a unique position to acquire a stabilized asset in an appreciating area of the Kansas City metro while still enjoying the great potential for upside.