- Huge Upside Potential of $176 Per Unit w/Interior Modernization
- High-Profile Asset in Ultra-Desirable Submarket
- Incredibly Walkable, Class A Downtown KC Location
- Great Connectivity + Demand Driver Proximity
- Offered Free and Clear of Existing Debt
Huge Opportunity To Capture $176 Per Unit In Upside with Interior Upgrades
Walnut Tower went through a large renovation in 2012, with significant upgrades made to the interiors, exterior and site. Given today’s modern finishes, the property offers new ownership the incredible opportunity to capture $176 per unit in upside upon completion of moderate interior updates and cosmetic improvements when coupled with continuity of the stabilized operations in place. Upgraded bathrooms, kitchens, cabinetry, countertops, and appliances in conjunction with the installation of new vinyl flooring and upgraded lighting packages, will essentially enable the ability to significantly push annual rental income over $379,464!
High-Profile Asset In KC’s Most Desirable Multifamily Submarket
Walnut Tower embodies the best aspects of urban living as the property is nestled near Kansas City’s River Market district. This walkable location offers residents unmatched access to unique retail, both fine dining and casual restaurants, fitness facilities, boutique shopping, and an array of lifestyle amenities. Given the walkability and convenience of the neighborhood, the asset has a natural appeal to the younger generation of urban professionals seeing a lifestyle of ease, connectivity, and optimal convenience with top-tier amenities in one of the very best areas around. Further, the demographic area surrounding the property reflects an affluent and highly educated population that continues to drive strong overall apartment fundamentals.
Class A Downtown Kansas City Location | Premier Mixed-Use Destination
Located near the exploding Kansas City River Market, which offers waterfront shopping and distinctive gourmet dining options, Walnut Tower boasts a Class A location in the iconic downtown Kansas City area. Nestled just south of the Missouri River, the historic River Market is home to the region’s largest farmers market with over 140 vendors featuring fresh produce, flowers, baked goods, and other homegrown items. It comprises the first and oldest incorporated district in Kansas City, and features brick sidewalks, streetcar tracks and plenty of pedestrian traffic, which has been said to serve as a symbol of Kansas City’s renaissance.