Zeal Property Advisors, LLC is pleased to present the exclusive offering of Chase and Cole Apartments (“The Property”), a 48-unit apartment community situated just east of Crown Center in Kansas City, Missouri. The Property is an ideal value-add opportunity with a majority of the “heavy lift” renovations having already been completed. Prospective investors have the opportunity to acquire an asset with little to no deferred maintenance and ability to add value through the increase of rents to full market and implement a utility billback program.
The Property is offered as a fee simple sale and presents prospective investors with the ability to assume a 4.33%, full term I/O, non-recourse loan providing ample refinance runway as rates are projected to reduce through the next 18 months. Free and clear offers will also be considered. For more information on offering procedures or to schedule a tour, please contact Keiten Nuspl