Description
Please see Offering Memorandum in supplements for more detailed analysis of the portfolio including individual property overviews, financial breakdown and other helpful info. See Addendum A or OM for list of addresses. The subject offering consists of 10 single-family rental properties in Kansas City, Missouri. All homes are situated blocks off the Paseo Boulevard and provide similar levels of make and finish. In Q4 of 2022, current ownership made in a change in 3rd party management and since, has maintained high levels of occupancy with decreased spending (currently 100% occupied). Two of the tenants that occupy these single-family rentals are on Section 8/housing vouchers. All homes in the portfolio have hardwood floors, washer/dryer hookups, basements and at least two bedrooms and one bathroom. Specific homes have washer/dryers provided by the landlord, fireplaces, garages/sheds, fenced lots and multiple levels. 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 conversion to central air in all homes, landlord provided washer/dryers in all units and uniform make-readies to kitchens and bathroom will result in higher rents exceeding $1,000+. Homes along the Paseo have a close proximity to Brookside Shopping District, Waldo District, Rockhurst University, UMKC, Country Club Plaza, Loose Park, Swope Park and Research Medical Hospital.
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0BEDS
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1.54ACRES
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0BATHS
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01/2 BATHS
Description
Please see Offering Memorandum in supplements for more detailed analysis of the portfolio including individual property overviews, financial breakdown and other helpful info. See Addendum A or OM for list of addresses. The subject offering consists of 10 single-family rental properties in Kansas City, Missouri. All homes are situated blocks off the Paseo Boulevard and provide similar levels of make and finish. In Q4 of 2022, current ownership made in a change in 3rd party management and since, has maintained high levels of occupancy with decreased spending (currently 100% occupied). Two of the tenants that occupy these single-family rentals are on Section 8/housing vouchers. All homes in the portfolio have hardwood floors, washer/dryer hookups, basements and at least two bedrooms and one bathroom. Specific homes have washer/dryers provided by the landlord, fireplaces, garages/sheds, fenced lots and multiple levels. 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 conversion to central air in all homes, landlord provided washer/dryers in all units and uniform make-readies to kitchens and bathroom will result in higher rents exceeding $1,000+. Homes along the Paseo have a close proximity to Brookside Shopping District, Waldo District, Rockhurst University, UMKC, Country Club Plaza, Loose Park, Swope Park and Research Medical Hospital.
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