- Long Term Owner-Operator (15+ Years)
- Well Positioned & Poised for Value-Add Implementation
- Prime Johnson County, KS Location – Rated A+ by Niche
- Desirable Unit Mix with a Range of Options
- Attractive Market Dynamics in Spring Hill
- Offered Free and Clear of Any Existing Debt
Long Term Owner-Operator (15+ Years)
Spring Hill Plaza offers an incredibly rare opportunity to purchase from a long-term owner and operator of more than 15 years. The property has been owner-managed and meticulously maintained throughout its lifetime, providing new ownership with a solid foundation to build on. New ownership will have the opportunity to capture substantial upside through cosmetic interior renovations, as the unit mix is currently 100% classic. With a systematic upgrade package and more aggressive leasing strategies, new ownership will be able to realize sizeable additional revenue.
Well Positioned & Poised for Value-Add Implementation
Spring Hill Plaza was constructed in 1988 and features 100% original interior finishes, creating an outstanding opportunity to achieve rent upside of $128 per month per apartment home with moderate interior upgrades. Adding cosmetic upgrades such as new kitchen cabinets, LVT flooring, solid-surface countertops, new stainless appliances, an updated lighting package, and upgraded bathrooms will allow a new buyer to push annual rental income significantly!
Prime Johnson County, KS Location – Rated A+ by Niche
Ranked one of the best places to live in the entire country, Johnson County, KS boasts the most beautiful parks and a lively downtown area with an abundance of sights, shops, and some of the best bites around. With an overall rating of A+ from Niche, the county ranks incredibly high in the housing arena including, but not limited to the following areas of incredibly noteworthy distinction:
- “Good for Families” – A+ Rating
- “Jobs and Public Schools” – A Rating
- #1 Best County for Families in Kansas
- #1 Best County for Young Professionals in Kansas
- #1 Best County to live in Kansas
