- $220+ Per Unit (Monthly) in Proven Value Add Upside with Interior Upgrades
- Favorable Unit Mix (Nearly All 3-Bedroom) – Oversized Units with Washer/Dryer Connections
- Prime Warrensburg Location – Blocks from the University of Central Missouri
- Early 2000’s Vintage & Extremely Well-Maintained Asset
- Strong Historical Performance and Rent Growth
- Offered Free and Clear of Existing Debt
$220+ Per Unit (Monthly) in Proven Value Add Upside with Interior Upgrades
Main Street Apartments presents a substantial value-add opportunity with 44 unrenovated units, comprising 69% of the total unit count. Investors can significantly enhance property value and increase rental income by implementing modern cosmetic upgrades across these units. Planned renovations could include contemporary finishes such as sleek, high-end countertops, modern cabinetry, and stainless-steel appliances in the kitchens. Additionally, upgrades might feature luxury vinyl plank flooring, updated lighting fixtures, and fresh, stylish paint colors. In the bathrooms, new vanities, modern tile work, and updated fixtures can add a fresh, upscale feel. Renovated units have already demonstrated impressive $220+ rent premiums, which highlights the effectiveness of these enhancements. These modern cosmetic upgrades justify the substantial rent increases, showcasing Main Street as a high-upside investment with clear potential for significant income growth through strategic renovation.
Favorable Unit Mix (Nearly All 3-Bedroom) – Oversized Units with Washer/Dryer Connections
Main Street Apartments boasts an extremely attractive unit mix, with some of the largest floor plans in the entire submarket. With units averaging an expansive 1,094 square feet, Main Street Apartments delivers unmatched living space in a competitive market. The thoughtful unit mix with nearly all 3-bedroom floor plans, caters to a broad tenant demographic. In-unit washer/dryer connections enhance the property’s appeal by offering a convenience that tenants highly value, supporting robust leasing demand and tenant retention.
Prime Warrensburg Location – Blocks from the University of Central Missouri
Main Street Apartments enjoys a strategic location just blocks from the University of Central Missouri, a major economic driver in Warrensburg. This positioning appeals to a diverse tenant base, including students, faculty, and families, who benefit from proximity to campus and its amenities. The property is conveniently located near Warrensburg’s primary retail, dining, and entertainment hubs, offering residents an ideal blend of accessibility and convenience. Additionally, with less than a 35-minute drive to Lee’s Summit and just an hour from Kansas City, the location provides seamless connectivity to larger metropolitan areas, making it an attractive option for those seeking both small-town charm and big-city access.
