The fountain plaza apartments sit directly in the middle of a rapidly expanding lake community with a total area population of approximately 90,000 people. It is well known that this community is experiencing tremendous growth due to affordability of living, combined with a close proximity to a very strong Kansas City job market. While current rents are well below market, several key upgrades have recently been completed making for a clean and comfortable environment for every single tenant. Management has set in motion an 18 month plan-of-action that will position the property to perform at an 8 cap. This opportunity will be right for any investor looking for a straight path to income goal performance, while at the same time acquiring a property that is in excellent condition. The seller will consider sale terms equivalent to cash, conventional financing and possibly carry back. For more information, please contact the broker directly. Key property upgrades since 2018 include the following: new roofs on all three buildings new patio sliding doors in every unit new windows in every unit newly remodeled units to include new lvp flooring, appliances, counters and the addition of washer/dryer in-unit newly resurfaced and re-striped parking lot approximately 15 units have been remodeled since 2018
Condo/ Townhome/ Apartment
Disclaimer: The information contained in this listing has not been verified by United Real Estate Kansas City and should be verified by the buyer.Information provided by HMLS
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