- 45 Units in the Kansas City MSA
- $100/Unit/month upside potential with light interior upgrades | proven upside
- Exceptional high-growth location near major demand drivers, including $30 million expansion to existing industrial commerce center
- Clean asset with significant capital spent
- Class A multifamily construction community in the submarket setting new, never before achieved, top-end rents
- Outstanding trailing operations with strong revenue trends
- Offered free and clear of existing debt
UPSIDE POTENTIAL ACROSS THE ENTIRETY OF THE PROPERTY
Belton Heights has not completed a systematic approach to upgrades and has focused on high-quality unit turnover. A systematic interior renovation program has not been implemented at the property. With some light capital invested into the unit interiors, $5100 rent premiums can be achieved.
ADD VALUE WITH LIGHT COSMETIC INTERIOR UPGRADES
The 45 units at Belton Heights are exceptionally well-maintained and have greatly benefitted from generous capital expenditures in recent years. With a combination of the below-listed upgrades, an additional $100 in rent upside can be achieved.
- Resurface Countertops
- New Modern Paint Scheme
- New Fixtures
- Painting Kitchen Cabinets
- Luxury Carpet in Bedrooms
100% OCCUPIED WITH EXTENSIVE WAITING LIST
Belton Heights has been extremely well-maintained by ownership and consistently achieves and high occupancy marks. Additionally, the property maintains a waiting list which is a clear indicator of pent-up demand for the asset and location. The current economic condition of the operations along with the upside in the rents will allow for strong rent growth into the future.
