2333 Lister Avenue, Kansas City, MO 64127

Property Description

Exceptional investment opportunity to own a substantially renovated six-unit multifamily property with a 10-year tax abatement already in place. Extensive renovations completed between 2021 and 2024 have modernized the property and addressed many of the major capital components typically associated with older multifamily buildings. Improvements include a complete electrical replacement with new service, wiring, 200AMP individual unit panels, outlets, switches and fixtures; full plumbing replacement including a new main line, upgraded valve and code-compliant backflow system; new HVAC systems, water heaters, roof and sheathing, energy-efficient windows, exterior entry door with keypad security, and a new rear deck and stairs. Each unit has been fully remodeled with updated kitchens, bathrooms, flooring and appliances, along with select framing and drywall improvements completed to current building-code standards. The property also features enhanced security with motion-activated cameras and common-area lighting. All units are leased to voucher-program tenants and maintained in compliant, inspection-ready condition, providing a strong foundation for continued rental income. With major building systems and interiors already upgraded, this turnkey asset offers limited near-term capital expenditure needs. The existing 10-year tax abatement further enhances cash flow and long-term investment potential. An excellent opportunity for an investor seeking a stabilized, renovated multifamily property with modern infrastructure, established rental demand and additional upside potential.