3016 Olive Street, Kansas City, MO 64109

Property Description

Outstanding investment opportunity in the heart of Kansas City! This recently renovated fourplex offers an attractive combination of spacious three-bedroom units, strong rental potential, and an excellent central location. Featuring four generously sized 3-bedroom, 1-bathroom apartments, this property is ideally positioned for investors seeking dependable cash flow and long-term rental demand. Each unit features its own central heating and air conditioning, providing year-round comfort and an appealing amenity for prospective tenants. Washer and dryer hookups in the basement offer additional convenience and enhance the property's rental appeal. Perfectly suited for the housing voucher rental market! Following recent renovations, the first unit has already been leased for an impressive $1,600 per month, with the tenant responsible for all utilities except water. The remaining three units are expected to be leased to voucher tenants in the near future, creating an exciting opportunity for an investor to acquire a property approaching full occupancy. At the demonstrated $1,600 monthly rental rate across all four units, the property offers potential gross rental income of $76,800 annually! Location is another major advantage! Situated in Kansas City's Key Coalition neighborhood, the property offers convenient access to Downtown Kansas City, the Crossroads Arts District, Crown Center, Hospital Hill, Children's Mercy Hospital, University Health, and the vibrant Midtown corridor. Proximity to major employment centers, medical facilities, public transportation, shopping, and everyday amenities supports continued rental demand. Buyer and buyers agent to check all details during due diligence. Info deemed reliable but not guaranteed.