Brentwood Plaza

Brentwood Plaza is a stately building in the heart of Kansas City’s vibrant Westport neighborhood. Constructed in 1924 in a classic Kansas City style, the all-brick property features 13 on bedroom units and 17 studio units with original hardwood floors, ample closet space, newer vinyl windows, and keycode entry. Heating is via common gas boiler or the new mini split units which also cool. This building is separately metered for electric with common water and gas.

The building is next to a new KC Streetcar stop, with easy transit to the University of Missouri Kansas City (UMKC), H&R Block Headquarters, Truman Medical Center, Hallmark Cards Headquarters, and Children’s Mercy Hospital. This building is walkable to a growing corridor of local shops, restaurants, and businesses. With stable income and a proven rent-growth track record, Brentwood Plaza offers investors stable income in the rapidly growing central location of Kansas City.

Why We Love It: Smaller unit sizes generate the highest income per square foot and these smaller units rent very well in this central location. On-site laundry and parking. Full brick building keeps insurance costs low. 30 new mini-split systems and 100% occupied.

The Challenge: Common boiler still being used in the winter, the new owner can give tenants notice that all heating will be from new mini split units and save the money landlord currently spends on gas for the common boiler.

The Value-Add Play: Manage for operational efficiency and get all units up to market rent. Switching all heating to new mini split units will add ~$5,000 year to the NOI.