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.