- RENOVATED ASSETS WITH SIGNIFICANT OPERATIONAL UPSIDE
- OPERATIONAL UPSIDE OF $195,000: DRIVE VALUE WITH UTILITY BILLBACKS
- VALUE-ADD UPSIDE AT BROADWAY 46
- THE COUNTRY CLUB PLAZA | AN UNRIVALED LOCATION
- KANSAS CITY’S MOST DESIRABLE SUBMARKET
- THE CULTURAL EPICENTER OF KC
- HIGH DEMAND INFILL LOCATION | A STRONG YOUNG & AFFLUENT DEMOGRAPHIC
- SUPREME ACCESS TO KEY EMPLOYMENT DRIVERS
- OFFERED FREE AND CLEAR OF EXISTING DEBT
RENOVATED ASSETS WITH SIGNIFICANT OPERATIONAL UPSIDE
The Country Club Plaza Collection has undergone significant renovations during current the ownership period and presents the opportunity to acquire a portfolio of high-quality renovated assets in the best submarket in the Kansas City MSA. With professional management a new investor will be able to streamline operations and increase net operating income.
OPERATIONAL UPSIDE OF $195,000: DRIVE VALUE WITH UTILITY BILLBACKS
A new owner will realize considerable revenue growth with more traditional operations that vary from the current owner-managed operations by charging back utilities at the properties.
Utility Billbacks: Utility billbacks of $195,000 can be achieved at $50 flat rate. Utility billback implemented through the property. Billing back for utilities is not only commonplace for the market and submarket but common among the closest and direct competition.
VALUE-ADD UPSIDE AT BROADWAY 46
At Broadway 46, there is significant value-add upside that can be achieved by strategic interior upgrades that current ownership has executed on and proven out in 2 units, and the addition of 4 units that can be added in the basements of the buildings.
The 2 renovated units have achieved $175/unit rent increases with strategic interior upgrades, including:
- Removing Galley Kitchens
- Installing Washer and Dryer Hookups and Appliances
- Flooring
- Paint
- Appliance Package
- Fixtures
- Central A/C and Heating
