- $100+/UNIT IN RENT UPSIDE WITH COSMETIC INTERIOR AND EXTERIOR UPDATES
- STRATEGIC LOCATION NEAR EMPLOYMENT, MAJOR RETAILERS, AND CONVENIENT HIGHWAY ACCESS
- IMPRESSIVE HISTORICAL OCCUPANCY OF OVER 95%
- DIVERSE COMBINATION OF UNITS AND FLOOR PLANS
- STRONG SURROUNDING DEMOGRAPHIC PROFILE
- OFFERED FREE AND CLEAR OF ANY EXISTING DEBT
$100+/UNIT IN RENT UPSIDE WITH COSMETIC INTERIOR AND EXTERIOR UPDATES
Somerset Villas offers investors multiple value add strategies to implement. There is currently a $60~ delta between the properties average lease rate and the max achieved rent across all unit types.
An investor could push as-is rents and/or execute a light value add strategy across the 39 units that are considered classic units to push rents further.
STRATEGIC LOCATION NEAR EMPLOYMENT, MAJOR RETAILERS, AND CONVENIENT HIGHWAY ACCESS
Strategically located directly between the intersection of I-470 and MO 350-Hwy and the MO 150-Hwy and Route 291-Hwy intersection, residents of Somerset Villas have convenient highway access making it easy to get almost anywhere in the Kansas City in 30 minutes. Residences at Echelon benefits from superior highway connectivity to surrounding Kansas City suburbs, retailers, and employment drivers. The median Travel Time To Work, for workers age 16+ is only 25.8 Minutes.
IMPRESSIVE HISTORICAL OCCUPANCY OF OVER 95%
Already positioned in a market with strong occupancy, Somerset Villas has consistently achieved above-market occupancy rates. As of the launch date, Somerset Villas is 98% occupied. This is another indicator of the organic rent growth achievable at the property.
