- $132,720 of Additional Income via Unit Interior Modernizations
- High Growth Location Near Major Demand Drivers, Great Connectivity to Highways, Proximate to National Retailers and Restaurants
- Significant Utility Expense Upside
- Operational Upside of $37,905 – Drive Value with Utility Billbacks
- Offered Free & Clear of Existing Debt
- Proven History of Strong Operations
$132,720 of Additional Income via Unit Interior Modernizations
Stoneybrook South provides the ability for new ownership to realize significant rent premiums through a value-add renovation program with $115+/unit rent increases. This property is unrenovated and primed for value-add implementation, allowing the new owner to take advantage of these increases on every unit of the property.
High Growth Location Near Major Demand Drivers, Great Connectivity to Highways, Proximate to National Retailers and Restaurants
Located off I-49/Highway 71 and three miles from Interstate 470, all major highway arteries through the southern portion of Kansas City. Stoneybrook South has an unquestionably convenient location proximate to neighborhood amenities and is located less than ~20 minutes from downtown Kansas City. Also located within close proximity are Truman’s Marketplace and Cerner’s 400-acre $4.5 billion Innovations Campus.
Significant Utility Expense Upside
The current in-place water fixtures (i.e., showerheads, faucets, and toilets) are vastly inefficient. Upgrading these fixtures will allow the new owner to realize a massive utility expense savings, driving real NOI growth, and adding real value to the asset. By making these upgrades, a new owner will save more than $40,000 per year in utility expenses!
