Value-Add vs Stabilized: What’s Moving in Today’s Market?

[Maddy Morell]

Has anyone here been active in Kansas City, KS (KCK) recently?

I'm looking at some smaller multifamily in that market (3–10 units, some converted SFH setups that are common in the area) and curious how others are approaching:

• Financing — are you seeing DSCR loans, local banks, or small-balance commercial work best right now?
• Buyer appetite — are investors preferring updated/stabilized, or are value-add plays with strong Section 8 rent potential still moving well?
• Exit potential — what price per door are you actually seeing stick in KCK (Im looking in 66101 to be specific) once properties are cleaned up and performing?

Every market feels different, and I’d love to hear what’s been working (or not) for those of you who have been buying/selling near KCK lately!

Thanks! – Maddy, Agent & Investor, Kansas City area (KS/MO)