- $480,000+ Of Additional Income Via Continued Interior Unit Modernizations
- Situated In Kansas City’s Exploding South Jackson County Submarket
- Proven Value-Add With Significant Upside Remaining Of 70% Of The Units
- Substantial Recent Capital Investments | $1.3mm+ In Last Year
- Highly Desirable Unit Mix | Avg. Unit Size Over 950 Sf
- Offered Free And Clear Of Existing Debt
$480,000+ of Additional Income via Continued Interior Unit Modernizations
Windsong provides the ability for new ownership to realize significant rent premiums through a value-add renovation program with $265+ per unit in rent increases. Ownership has already renovated 28 units and leased at the proforma rents proving the projected rent upside.
Situated in Kansas City’s Exploding South Jackson County Submarket
With convenient access to major arterials, Highway 71 and Interstate 435, Windsong Apartments is centrally located within the bustling Kansas City MSA as well as several booming economic development projects offering countless employment, shopping, dining, and entertainment options that appeal to a wide variety of potential renters.. The property is proximate to the College Boulevard Office Corridor, Bannister Federal Complex, Three Trails Industrial Park, and Truman’s Marketplace among other notable locales.
Proven Value-Add with Significant Upside Remaining of 70% of the Units
Windsong has realized a substantial return on investment through various iterations of unit and amenity modernizations. Given the success of the current business plan, new ownership will benefit from the opportunity to continue to capture significant rent upside and drive outsized returns. Currently, there’s remaining upside potential on roughly 70% of units upon completion of moderate interior modernizations as already proven at the asset level.
