- Compelling Value Add Opportunity & Prime Positioning Among Comparable Communities
- High Quality Product Near Downtown Kansas City
- Operational Focused Value Add Play
- Convenient Connectivity to Neighborhood Amenities & Entire Kansas City MSA
- Offered with Assumable 3.45% Interest Rate Debt
Compelling Value Add Opportunity & Prime Positioning Among Comparable Communities
Comparable communities to Maple Flats in downtown Kansas City have created a high rent ceiling in the market, reflecting increased tenant demand for luxury living. Maple Flats can leverage this trend to attract cost-conscious tenants looking for upscale experiences without the premium price tag. Comparable properties are currently achieving rents $250 to $700 higher, creating significant rent upside potential. By enhancing units and amenities, Maple Flats can capture this opportunity while remaining competitively priced against nearby communities.
High Quality Product Near Downtown Kansas City
Exceptionally high-quality construction is evidenced throughout Maple Flats, which is the product of a renovation project as recent as 2019. Built in 1910, this property’s historic charm places it in a great position amongst its competitors that share the historic loft style that is so popular throughout the downtown Kansas City submarket.
Operational Focused Value Add Play
Maple Flats is primed for new ownership to take advantage of the operational upside. Without putting any capital into the deal, new ownership will be able to focus on stabilization and maximization of other income opportunities. B y increasing occupancy, capturing loss to lease, capturing additional other income, and achieving higher stabilized target rents that have already been achieved over the past 12 months, Effective Gross Income should increase by over $182,000.
