Vernon on Washinton

  • $4,200,000
  • 4439 Washington St Kansas City MO 64111
  • MultiFamily
  • 18
  • 2017

Underwrite This Deal

Overview

Vernon on Washington

 

Multifamily Investment Opportunity

 

Opportunity – AREA Real Estate Advisors is pleased to present the Exclusive offering of The Vernon on Washington Apartments, a 18-unit apartment community built in 2017, and located at 4445 Washington Street in Kansas City, MO.  The property consists of 9 one bedroom one bath units, and 9 two bedrooms two bath units with a combined average square footage of 763.  The Vernon on Washington offers investors the opportunity to purchase a well-constructed, new, and stabilized apartment community in one of Kansas City Premier rental markets that uniquely appeals to young professionals, by choice renters and medical professionals alike.

 

Opportunity Highlights:

·      Stabilized New Construction

·      Attractive Unit Layouts

·      Luxury Finishes

·      Walkability to both the Country Club Plaza and Old Westport

·      Off-Street Secure Parking with Car Charging Station

·      Continued Rental Upside

·      SMART Apartment Technology

 

Area attractions:  Strategically located at 44th and Washington, The Vernon on Washington offers tenants the unique lifestyle of extreme walkability to two of Kansas City’s most desirable areas.  Named in the Project for Public Spaces’ list 60 of the World’s Great Places, The Country Club Plaza comprises high-end retail establishments, restaurants, and entertainment venues, as well as offices.  To the north, Westport is one of the oldest neighborhoods in Kansas City.  Known for its blend of tasty eateries, trendy boutiques and popular nighttime hotspots. The constant buzz of residents and tourists gives Westport a distinct Kansas City experience.  The property is also located adjacent to Saint Luke’s Hospital of Kansas City a Tertiary care hospital with more than 450 skilled physicians.  The Hospital is known for its Mid America Heart Institute which is currently undergoing a $330 million expansion.

 

Net Site Size = .51 Acres  

Property Characteristics = Private Balconies/Patios, Washer/Dryer, Off-Street Secure Parking, Car Charging Station, granite countertops, stainless steel appliances, Amazon’s Echo Dot, Nest Smart Thermostats, and Phillips Smart LED Lighting, Outdoor Lounge with Fire Pit.

Utility Metering = All units are individually metered.

 


 

 

 


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