410-420 W 33rd St

• Baseboard heat, window cooling
• Laundry facilities on site
• Off street parking for 5 or 6 vehicles
• Potential opportunity for tenants to rent parking from MCC
• Appliance package includes gas stove, refrigerator, and range hood
• All units are conforming
• Early 1900s build
• Traditional colonnade Kansas City style apartment complex
• Low maintenance exterior brick siding
• New owner can continue to renovate units as planned or place top of the line finishes in each unit to maximize rents and future value

Property Description

○ Stunning location with millions in new development nearby along with mix of fully renovated units ○ Blocks from $300mm streetcar extension ○ Exterior rehab completed ○ Opportunity to capture $200+ per unit in upside ○ True Value-Add Potential with Major Exterior Rehab complete allowing the units to be renovated and cosmetic exterior improvements for much higher rents ○ Early Discussions with MCC about renting parking space right next door for added value ○ Great studio layout for spacious feel ○ Tons of Cap Ex injected into the property structure and maintenance ○ Quality rents with great opportunity to push rents higher as units turn (see rent study) ○ Washer and dryer facilities on site ○ Recent RUBs bill-back program implemented