- Well-Positioned Asset Primed For Value-Add Implementation
- Huge Upside Potential Of $163 Per Unit W/ Interior Modernization
- Walkable Lifestyle Location Near Retail, Dining & Entertainment
- Adjacent To Kansas City Kansas Community College
- Proximity To Key Demand Drivers And Arterials
- Offered Free And Clear Of Existing Debt
Well-Positioned Asset Primed for Value-Add Implementation
Concord Square offers the very best of urban living, offering residents unmatched access to an array of lifestyle amenities. With its vintage unit interiors and a robust amenity package, the asset is incredibly well-positioned for value-add implementation through modernizations and upgrades.
Huge Opportunity to Capture $163 Per Unit in Upside w/Interior Upgrades
New ownership has the remarkable ability to capture $163 per unit in upside upon completion of moderate interior updates and cosmetic improvements, when coupled with continuity of the stabilized operations currently in place. Upgraded bathrooms & kitchens including painting the cabinets, updating hardware, and replacing plumbing fixtures throughout enables the ability to significantly push annual rental income over $1.9MM!
Walkable Lifestyle Location Near Retail, Dining & Entertainment
Given the walkability and convenience of the neighborhood, the asset has a natural appeal to the younger generation of urban professionals seeking a lifestyle of ease, connectivity, and optimal convenience in one of the very best areas around. Further, the demographic area surrounding the property reflects an affluent, educated population that continues to drive strong overall apartment fundamentals.
