Large multi-family (5+ units) buy & hold investment in Kansas City.
Purchase price: $5,470,000
Cash invested: $1,250,000
Touzi Capital & FTW Investments present the Historic Kansas City Portfolio, an investment offering comprising of 4 properties in North East Kansas City.
At below-market rents, this 101 unit portfolio is a value-add opportunity with significant upside.
Synergies, like close proximity, shared management between the 4 properties and local market familiarity make this offering a strategic addition to Touzi Capital & FTW Investments’ existing portfolio of 534 units in Kansas City, Missouri.
How did you find this deal and how did you negotiate it?
Negotiated a 7% price reduction on the purchase price of this portfolio. Based on our regional operators assessment of the properties, they were able to determine and agree upon a fair market value offer price. Although the portfolio will be purchased at $3.7M, the portfolio was recently appraised at $5.365M. This difference presents a significant opportunity for investors to capitalize on the exit.
How did you add value to the deal?
This investment offers significant upside using a value-add strategy. With current rents well below market, renovation, rehab and re-branding will increase property value and force appreciation.
Nice work, love the area!
Congrats guys. Our team at Atlas Property Management is excited to take on management and support your team.
Congratulations @Ryan Beatty !
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