The Madelyn Apartments represent a rare chance to acquire a value-add 37-unit multifamily portfolio in the heart of Kansas City’s highly walkable Valentine neighborhood. Comprising five well-maintained brick buildings originally constructed in 1923 around a central parking lot, the property combines timeless architectural character with modern upgrades. Extensive improvements… Read More are already completed, including electrical and plumbing systems, new windows, and central heat and air throughout. Two of the buildings feature landlord-owned, coin-operated laundry facilities, and all units have ample natural light from the oversized replacement windows and original hardwood floors. The unit mix includes a combination of standard and oversized one-bedroom layouts, three of which have already been successfully converted into two-bedroom units. The remaining 21 oversized one-bedrooms present a clear path for the next owner to continue this proven value-add strategy. 18 of the 37 units have been fully renovated to a luxury finish level, featuring modern kitchens with stainless steel appliances, quartz countertops, dishwashers, and designer tile bathrooms. Strategically positioned less than 1 mile from KU Medical Center, the area’s largest hospital and medical school, and under 3 miles from Children’s Mercy Hospital, the city’s second-largest employer, this property benefits from robust tenant demand. Just 1.6 miles from the famed Country Club Plaza and walking distance to Valentine and Westport’s bars and eateries, it offers an unbeatable location. With a proven track record of stability and upside potential through further renovations, this portfolio delivers immediate cash flow and long-term growth for investors. Read Less
Listing courtesy of Lutz Sales + Investments 913-426-5576
Listing Snapshot
Days Online
2
Last Updated
Property Type
Apartment
Lot Size
0.52 Acres
Year Built
1923
MLS Number
2581382
Additional Details
Building
Construction Materials: "Brick/Mortar", Year Built: 1923
Cooling
Details: "Electric"
Heating
Heating: "Natural Gas"
Home Owner's Association
Fee: 0, Dues Frequency: None
Laundry
Description: "In Basement"
Lot
Size: 22753
Parking
Parking Total: 34
Property
Zoning: R-1.5
Roof
Description: "Synthetic"
Sewer
Sewer: "Public Sewer"
Utilities
Water Source: "Public", Utilities: "Ind Heat And Air"
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Listings courtesy of Heartland MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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