1012 Chestnut Avenue, Kansas City, MO 64127

Fully Renovated Quadplex (2 bed 1 bath per unit) – Turnkey Investment in Downtown Kansas City (Update! 50% has been leased.) Outstanding investment opportunity located just minutes from premier entertainment, dining, and business districts in downtown Kansas City. This fully renovated four-unit property is completely turnkey, offering immediate cash flow and minimal maintenance requirements. Each apartment features a desirable 2-bedroom, 1-bathroom layout—perfect for long-term tenants seeking updated living spaces in a convenient, central location. Recent renovations include modern finishes throughout, updated electrical and plumbing systems, and new heat pump HVAC units for all four apartments (installed in 2025). Each unit also features a built-in microwave oven over the range and in-unit laundry hookups ready for a stackable washer and dryer. Additional updates include new structural wood beams reinforcing the foundation, four water heaters ranging from one to six years old, and a roof replacement completed in 2015. The property boasts an attractive brick exterior on three sides and a welcoming covered portico entry. This turnkey property offers strong rental potential with projected gross income of up to $4,000 per month, or $48,000 annually. The high-demand 2BR/1BA layouts promote excellent tenant retention, while the downtown location ensures consistent demand and long-term appreciation potential within one of Kansas City’s most promising growth corridors. Located in a historically rich area of Kansas City that is now seeing renewed investment and revitalization, this property offers convenient access to some of the city’s most notable cultural and entertainment destinations. Within minutes, you’ll find the 18th & Vine Historic Jazz District, multiple museums, Crown Center, and a new riverfront soccer stadium. The surrounding area continues to evolve, with ongoing development bringing new energy, amenities, and long-term potential to the neighborhood.