417-389-6638
2410-2496 N 38th St, Kansas City, KS for Sale
Apartments - FOR SALE
1/8
null | 7% Cap Rate

2410-2496 N 38th St
Kansas City, KS 66104
Northwest


HIGHLIGHTS

  • Stabilized Asset With Value-Add Components
  • $350 Rent Premium Identified
  • Easy to Manage Townhomes
  • All Individually Metered Units
  • Operational Value-Add

OVERVIEW

Zeal Property Advisors, LLC is pleased to present the exclusive offering of Redwood Courts Townhomes (“The Property”), a 44-unit townhome community located just north of Parallel Pkwy and Hwy 635 in Kansas City, Kansas. The Property is an ideal stabilized asset with ample CapEx and full unit renovations already completed by current ownership. Prospective investors have the opportunity to acquire an asset with 90%+ occupancy with rental growth upside where a $350 rent premium has been identified. Strong local third-party management has also been identified to capture operational value-add opportunities. The Property is offered as a free and clear fee simple sale and presents prospective investors with several acquisition strategies such as straight to agency cash flow play, acquisition with bank debt and agency cash out refinance with market rents and/or the establishment of an HOA and individual sale of townhomes. Short term and perm structured finance options have been detailed in the Pricing Summary to support each of the above. For more information on offering procedures or to schedule a tour, please contact the brokers below.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redwood Courts Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.37 AC

LAND SF

146,797 SF

ZONING

KM2

APN/PARCEL ID

108200

ASK ABOUT THIS PROPERTY

Austin PaulZeal Property Advisors LLCMore Info
417-389-6638

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Austin PaulZeal Property Advisors LLCMore Info
417-389-6638

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