- Rare Large-Scale Asset with Ideal Plaza Location
- Proven Upside of $150+/Unit – Untapped Revenue Potential
- Located In Kansas City’s Premier Country Club Plaza Submarket
- High Demand Infill Location | Strong, Young & Affluent Demographic
- Supreme Access to Key Employment Drivers
- Offered with Attractive In-Place Financing (3.80% Fixed Rate)
Rare Large-Scale Asset with Ideal Plaza Location
Infinity at Plaza West provides the opportunity to break into the highly sought after Country Club Plaza submarket. With 224 units, the asset provides enough scale to be independently operated. Infinity at Plaza West allows investors new to the Kansas City market to obtain an immediate foothold with significant upside potential – and provides additional efficiencies for local owners – all while generating ideal economies of scale and maximum operating efficiencies.
Proven Upside of $150+/Unit – Untapped Revenue Potential
Constructed in 1949 and renovated in 2019, Infinity at Plaza West offers classic interior finishes in roughly 30% of units, giving new ownership the opportunity to achieve significant rent upside of over $150 per unit (monthly). Cosmetic upgrades have been implemented on 69% of the units, successfully proving the upside potential. Depending on the floorplan, the top premiums for these renovation averages range as high as $150 for Studios, $154 for 1-bedroom units, and $296 for 2-bedroom units. The renovation program at Infinity at Plaza West provides an investor with a clear, proven path for the continuation of the interior value-add strategy upon acquisition. Continuing to modernize the remaining classic units will enable new ownership to push annual rental income by over $620,000!
Located In Kansas City’s Premier Country Club Plaza Submarket
The Country Club Plaza, known colloquially as The Plaza, is the area’s premiere upscale shopping and dining district. Originally built in 1922, the one-of-a-kind, 15-block open air destination features a Spanish theme that includes beautiful courtyards, red tile roofs and ornate towers. It also serves as an urban cultural district, offering long-standing yearly events and traditions including the annual holiday lighting ceremony, the Art Fair, and WaterFire. The Plaza has always been a focal point of civic pride and will continue to be the premier urban mixed-use destination in Kansas City.
