333 South Bethany Street
Property Description
Colony Woods Apartments presents a compelling value-add and repositioning opportunity in Kansas City, Kansas, offering investors the ability to acquire a 97-unit community at an attractive basis with multiple avenues for value creation. Built in 1963, the property benefits from an established neighborhood setting with convenient access to local schools, neighborhood retail, and major transportation corridors throughout the Kansas City metro. The property currently has low occupancy following a fire that impacted one of the buildings and accelerated vacancy, creating a unique opportunity for new ownership to implement a comprehensive improvement plan. Investors can unlock significant upside through exterior enhancements, amenity upgrades, unit renovations, and operational improvements, while capitalizing on in-place rents that remain well below competing properties in the submarket. With a straightforward path to stabilization and additional rent growth potential through upgraded interiors, Colony Woods Apartments offers the opportunity to create substantial value through a disciplined repositioning strategy.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 97 |
| Year Built: | 1963 |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
112 W Main Street, Unit 110
Mount Olive, Illinois
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout