- Rare Large-Scale Investment Opportunity in Thriving Northland
- $200+/Unit per Month in Value-Add Upside Potential via Cosmetic Renovations
- Favorable Townhome/Apartment Unit Mix with Expansive Floor Plans & Desirable Amenities
- Unmatched Connectivity to Major Highways, Employers, and Growth Centers
- Offered with Assumable 3.01% Financing at 70%+ Leverage
Rare Large-Scale Investment Opportunity in Thriving Northland
Located in the flourishing Northland region of Kansas City, MO, Knollwood offers investors the chance to acquire a substantial 315-unit multifamily community in one of the metro’s most sought-after and rapidly expanding submarkets. This scale enables significant operational efficiencies, allowing for dedicated full-time management and maintenance teams. With a diverse mix of unit types and spacious layouts, Knollwood appeals to a broad renter demographic, ensuring long-term occupancy stability and consistent cash flow.
$200+/Unit per Month in Value-Add Upside Potential via Cosmetic Renovations
Knollwood presents a compelling value-add opportunity, with 77% of its units, 241 out of 315, remaining in a mix of classic and partially updated condition. This provides new ownership with a significant runway to implement an interior renovation strategy and drive meaningful rental growth. With only 74 units fully upgraded, investors have a clear path to unlocking additional revenue through modern interior enhancements. While some improvements have been made, further renovations could generate significant income potential, with rental upside of $200+/unit, enhancing overall asset value and investment returns.
Favorable Townhome/Apartment Unit Mix with Expansive Floor Plans & Desirable Amenities
Knollwood features a well-balanced unit mix designed to attract a broad range of residents, including young professionals, families, and roommates. The property offers 1-bedroom, 2-bedroom, and 3-bedroom floor plans, with 20% of units being townhome-style residences averaging an impressive 1,493 square feet. The overall unit sizes average 977 square feet, contributing to strong resident retention and demand. Residents also enjoy a full suite of amenities, including a clubhouse, swimming pools, a playground, and a grill and picnic area. Units feature walk-in closets and private balconies or patios, while select units include washer/dryer hookups, further enhancing the property’s appeal.