All Forum Posts by: Maddy Morell

@Kiefer Kratz 

Blue Springs is definitely on the higher side, so with ~$20K down you’ll usually see better entry points in Independence, KCK, or nearby submarkets. 

A couple examples I’m working on: a 7-unit package in Baldwin City (4plex & 3plex, can be purchased conventionally or commercially) with value-add upside, And a mixed-use building on N. 7th in KCK that’s already cash flowing. 

Happy to share details if you’d like to see what those kinds of opportunities look like around KC!

Hi Andrew - I'd love to help! 

Welcome to KC! Since you asked about Gladstone, Independence, North KC, and Raytown, here’s a quick overview:

• Gladstone/North KC: Solid working-class tenant base, lots of B/C class multifamily. Often stable, but watch for older infrastructure. And depending on how you plan to rent, some areas do not allow STR in KC, so look for those regulations as well.
• Independence: Larger rental pool and affordable entry points, but tenant quality and management can be hit-or-miss depending on the block.
• Raytown: Consistent demand and steady rents, though price growth is slower than hot spots like Midtown/Westport.

Common mistakes for out-of-state investors:

1. Underestimating property management — KC can vary block to block, and good PM is essential.
2. Relying only on “market rent” data — many properties are under-rented, so check actual leases.
3. Skipping CapEx reserves — most multifamily stock here is older, so budget for roofs, plumbing, HVAC.

Example deal right now:

I’m have on a 7-unit package in Baldwin City, KS (908/912 Orange St.) — two separate parcels (a 3-plex + 4-plex) with some units already rehabbed and rented closer to market.
Still value-add upside on the remaining units. It’s a good example of the mix of cash flow + long-term upside many KC-area investors target. Coming Soon @ $725,000

Happy to share the OM/rent roll if that’s helpful — just DM me here.

📍 Address: 908 & 912 Orange St., Baldwin City KS

🏢 Property: 7-Unit Multifamily Package (3-plex + 4-plex on neighboring lots)

💵 Price: $725,000

Currently For Sale OFF MARKET - Coming Soon to MLS!

✅ Highlights:

• Two separate parcels (possible to finance separately with conventional loans vs. single commercial loan)

• Units under rehab, with several brought closer to market rent already

• Stable tenant base + room for additional value-add through updates

• Located in Baldwin City, less than a mile from Baker University - a growing rental market near Lawrence & Kansas City Metro

📑 Financials: Rent roll, disclosures, and OM available upon request. DM for details and Google Drive Link. 

Showings limited to qualified buyers (POF + signed agreement) with an accepted offer in place while "Coming Soon" on MLS.

👉 Next Step: DM me here on BiggerPockets or contact me if you’d like the full packet or more details.