As an exclusive advisor, MMG Real Estate Advisors is pleased to present the opportunity to acquire Willow Creek Apartments, a 48-unit multifamily community located in the highly desirable Hutchinson, Kansas submarket, conveniently positioned alongside Highway 61.
Investment Highlights:
- Proven Value-Add Opportunity: Upside of ~$180/per Unit (monthly)
- Strategic Location with Excellent Connectivity to Demand Drivers
- Opportunity for Exceptional Market Positioning
- Extremely Attractive Assumable Debt at 4.64%
Already Proven Value-Add Opportunity: Upside of ~$180/per Unit (Monthly)
Willow Creek Apartments has significant rent upside of ~$180/unit through interior modernization. This has already been proven on the asset level in multiple units! New ownership can step into a cash-flowing asset with confidence in achieving the upside.
Strategic Location with Excellent Connectivity to Demand Drivers
Perfectly situated along Highway 61, Willow Creek Apartments boasts an ideal location. Tenants enjoy the convenience of quick access to top-tier dining, entertainment, and local employers, all benefiting from solid demographics and proximity to significant economic drivers.
Exceptional Market Positioning
Limited new supply in the submarket insulates the asset from oversupply strain, which many larger markets are experiencing. This makes Willow Creek Apartments a uniquely appealing acquisition for investors who wish to strengthen their portfolios against the current supply-related market headwinds.
Extremely Attractive Assumable Debt at 4.64%
Willow Creek Apartments offers an incredible opportunity for an investor to assume the current debt at an attractive interest rate of 4.64%, which is below current market rates. The in-place debt can also be assumed near ~65% LTV, in line with current market leverage expectations.
