816-756-3535
10440-10466 Wornall Rd, Kansas City, MO for Sale
Apartments - FOR SALE
1/6
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10440-10466 Wornall Rd
Kansas City, MO 64114
Country Lane Estates


OVERVIEW

Investment Highlights - Managed by the current owner - Large 1-bedroom and 2-bedroom floorplans, averaging 1,067 square feet - Ownership has completed renovations on 33 units. These renovations include LVP Flooring, Stainless Steel Appliances, Granite Countertops, New Cabinet Fronts & Hardware. Nearby renovated comparable properties with similar finishes and smaller unit sizes are commanding $200 premiums over Chapel Hill. - 2-bedroom units account for 75% of the property and are $200 below market comparables. This will allow new ownership to raise rents to market on the renovated units and renovate the remaining 19 units to align with market rates. - All washer/dryer machines are owned by the property. There is no contract in-place. - The limited new supply in South Kansas City will fuel strong demand and upward pressure on rents - Beautifully Landscaped Courtyard & On-site Swimming Pool - Offered free & clear new ownership maximum flexibility in acquisition financing. Location Highlights - South Kansas City/Grandview submarket saw 3.32% YOY rent growth, while maintaining occupancy levels at or above 95% (RealPage Analytics) - Quiet, Park-Like Setting: Chapel Hill offers a peaceful living environment, tucked away from the bustle with a beautifully landscaped interior courtyard featuring mature shade trees and lush greenery—offering a tranquil living experience for residents. - Unrivaled Metro Connectivity via Immediate access to I-435 places the entire Kansas City metro area within minutes. - Surrounded by over 5 million square feet of office and more than 2 million square feet of retail within a five-mile radius. - Proximity to Major Employers & Developments: Minutes from St. Joseph Medical Center, Burns & McDonnell headquarters, Holmes Corporate Office Park, and Blue River Commerce Center. - Active Lifestyle Amenities: Steps from Leawood Park, offering walking and biking trails, sports courts, playgrounds, and expansive green spaces.

FOR SALE DETAILS

PRICE

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# OF UNITS

56

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chapel Hill

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

124

LAND DETAILS

LAND ACRES

3.69 AC

LAND SF

160,780 SF

ZONING

-

APN/PARCEL ID

48-940-06-07-00-0-00-000

ASK ABOUT THIS PROPERTY

Ross ElderCBREMore Info
816-756-3535

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Ross ElderCBREMore Info
816-756-3535

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.