Zimmer Real Estate Services, as exclusive advisor, is pleased to present the opportunity to acquire the The W Apartments (the “Property”) for $3,330,000 ($150,000/Unit) Red Point consists of 22-units, with a mix of 10 one-bedroom and 12 two-bedroom units that are 100% occupied. Red Point offers attractive low risk assumable financing at 4.10%. The Property is located in the highly desirable Midtown submarket of Kansas City, Missouri within walking distance to many of Kansas City’s most popular restaurant and entertainment districts. The W Apartments consist of 12 one-bedroom units that are 100% occupied.
The Property went through a full renovation in 2020, including new roofs, solar panels, mechanical, electrical, and plumbing. Interior renovations included new flooring, cabinets, stainless steel appliances and granite countertops. Situated within walking distance of the newly expanded $350M Kansas City Streetcar line, the properties Midtown location offers residents easy access to transportation, shops, and restaurants. Kansas City’s multifamily market has seen strong growth over the past year, with 3.7% annual rent growth, significantly outpacing the national average of 0.9%.