Description
See offering memorandum in supplements for more information and remarks for tour info. The subject offering consists of 4 single-family rental properties in Kansas City, Kansas. All homes are situated blocks off the Parallel Parkway and provide similar levels of make and finish. The portfolio of homes is currently owner-managed and has a history of high occupancy. All homes in the portfolio have hardwood floors, washer/dryer hookups and machines, basements, central air and at least two bedrooms and one bathroom. The building at 1975 Parallel is currently vacant and boarded up without a functioning HVAC (out of service). The 1975 building does have a new roof and new siding. There is a combination of flooring throughout the homes consisting of hardwoods, carpet, tile, and vinyl. The 2617 Washington building does have 2 detached garages, the only building in the portfolio with a garage amenity. The portfolio provides new ownership a great value-add opportunity with potential to sell homes individually to maximize value in a residential market in need of inventory with strong demand. Incremental improvements to the property including the uniform make-readies to kitchens and bathroom will result in higher rents exceeding $1,000+. Two of the tenants have been in place for over 15 years while and units are well under market rent for SFRs. The properties are being sold as-is and the sellers make no warranties/guarantees.
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0BEDS
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0.5ACRES
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0BATHS
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01/2 BATHS
Description
See offering memorandum in supplements for more information and remarks for tour info. The subject offering consists of 4 single-family rental properties in Kansas City, Kansas. All homes are situated blocks off the Parallel Parkway and provide similar levels of make and finish. The portfolio of homes is currently owner-managed and has a history of high occupancy. All homes in the portfolio have hardwood floors, washer/dryer hookups and machines, basements, central air and at least two bedrooms and one bathroom. The building at 1975 Parallel is currently vacant and boarded up without a functioning HVAC (out of service). The 1975 building does have a new roof and new siding. There is a combination of flooring throughout the homes consisting of hardwoods, carpet, tile, and vinyl. The 2617 Washington building does have 2 detached garages, the only building in the portfolio with a garage amenity. The portfolio provides new ownership a great value-add opportunity with potential to sell homes individually to maximize value in a residential market in need of inventory with strong demand. Incremental improvements to the property including the uniform make-readies to kitchens and bathroom will result in higher rents exceeding $1,000+. Two of the tenants have been in place for over 15 years while and units are well under market rent for SFRs. The properties are being sold as-is and the sellers make no warranties/guarantees.
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