- Well Positioned Asset Primed for Value-Add Implementation
- $410/Unit in Value-Add Upside – $741,000! With Interior & Exterior Modernizations
- Located Adjacent to The University of Kansas Medical Center Campus – Built-In Demand Driver
- Lifestyle Location with Walkability
- Surrounded by New Construction – Offered Well Below Replacement Cost
- Convenient Location Near Highways, The Country Club Plaza, and Westport
- Offered Free and Clear of Any Existing Debt
WELL-POSITIONED ASSET PRIMED FOR VALUE-ADD IMPLEMENTATION
Located in the extremely desirable KU Med Center District and built-in 1987, Rainbow Ridge is surrounded by new construction and provides vintage unit interiors and a robust amenity package primed for value-add modernizations and upgrades.
$410/UNIT IN VALUE-ADD UPSIDE – $741,000! WITH INTERIOR & EXTERIOR MODERNIZATIONS
Rainbow Ridge was constructed in 1987 and features virtually 100% original interior finishes, creating an outstanding opportunity to achieve rent upside of $410 per month per apartment home with interior renovations to the units. The addition of new flooring, solid surface countertops, stainless steel appliances, wood-look flooring, an updated lighting package, upgraded bathrooms, and washer/dryer hookups in-unit will allow a new buyer to push annual rental income by $741,000.
LOCATED ADJACENT TO THE UNIVERSITY OF KANSAS MEDICAL CENTER CAMPUS – BUILT-IN DEMAND DRIVER
Rainbow Ridge is located on the north end of the University of Kansas Medical Center Campus, home to the University of Kansas school of medicine, the school of nursing, the school of health professions, and the University of Kansas Hospital.
- Enrollment – 3,600+
- Employees – 4,800+.
- Campus
- 41 Acres
- 46 Buildings
- 2.4 Million Square Feet
