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Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]
Michael VanBuskirk, SIOR, CCIM, CRE Executive Managing Director, PrincipalInvestment Sales and Capital [email protected]
Villas of Northbrook Portfolio
KANSAS CITY | MISSOURI
Justin [email protected]
Zimmer Real Estate Services is pleased to present the Villas of Northbrook, a 12 unit brand new construction, stabilized investmentopportunity in one of Kansas City’s top up and coming submarkets for multifamily investment. The portfolio boasts a reliable cash flow ina rapidly growing submarket with access to strong public schools and amenities.
The Villas of Northbrook are located in a quiet neighborhood with convenient access to 435 Highway and 152 Highway. Nearby retailcorridors along 152 Highway and NE Barry Road offer residents a myriad of shopping, dining and service destinations. Less than +/- onemile away, NE Barry Road’s retail tenants include Sprouts, Target, Home Depot, Walmart Supercenter, Hy-Vee grocery store among otherpopular national brands. The residents at the Villas of Northbrook benefit from a number of education options within the boundaries ofthe Liberty Public Schools which has been recognized locally and nationally.
INVESTMENT HIGHLIGHTS
STABLE CASH FLOWSThe Villas of Northbrook multifamily portfolio offers stable cash flows with a strong existing return at 92% occupancy and lowturnover with a majority of the tenants made up of families and seniors seeking access to good public schools and amenities in aquiet neighborhood.
HIGHLY DESIRABLE RENTAL UNITSThe Villas of Northbrook features attractive and highly desired finishes including hardwood floors, granite countertops, walk-inclosets, basements, two car garages, covered patios, fireplaces and more.
STRONG MARKET DYNAMICSThe Kansas City/Liberty multifamily market conditions continue to improve as population and employment continues to grow. Themarket continues to tighten, as vacancy rates have dropped over the past year and quoted rental rates increased in the majority oflocal submarkets.
TURN KEY INVESTMENTVillas of Northbrook is a brand new construction project consisting of 12 villas built within the last 12 months offering investors aclean and hassle free investment.
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Executive Summary
Summary
Property Address: 7534 – 7555 N Eastern Ave, Kansas City, Missouri 64158
Number of Units: 12 units
Square Footage: 16,860 square feet
Occupancy: 92%
Year Built: 2016 - 2017
Zoning: R-7.5
Unit Size: 1,405 – 2,418 square feet
Unit Type: 2, 3, and 4 Bedroom Units
Unit Amenities:
Fireplaces, 2 Car Garage, Covered Patios, Hardwood Floors, Custom
Cabinets, Granite Counter Tops, Walk-In Pantries
Amenities: Maintenance Free
School District: Liberty Public Schools
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Offering Description
12 UnitsIn-demand and market functional Multi-family Assets
$2,815,802 Offering PricePrice Per Unit = $234,650
6.75% Projected YearOne Cap rateOffers investors strong Reliable yield
92% LeasedQuality tenancy, stable cash flows
Nationally RecognizedPublic SchoolsLiberty Public Schools
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Location Map
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Aerial
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Michael VanBuskirk, SIOR, CCIM, CREExecutive Managing Director, PrincipalInvestment Sales and Capital [email protected]
Chris RobertsonAssociate DirectorInvestment Sales and Capital [email protected]
Justin [email protected]
Local Office Locations:
Kansas City1220 Washington St.,Suite 300Kansas City, MO 64105816.474.2000
Eastern Jackson County1485 SW Market StreetLee's Summit, MO 64081816.474.2000