Heatherwood Apartments

Discover the charm and investment potential of Heatherwood Apartments, a garden style apartment property in an irreplacable Overland Park location. Featuring eight brick buildings constructed in 1966, thoughtfully designed around a central pool courtyard amenity. A total of 68 units, these buildings are all located on one legal parcel and offer an incredible unit mix of studio to 4-bedroom layouts, with many of them beautifully renovated with LVP flooring, new stainless-steel appliances, modern cabinets, and stylish tile backsplashes. Highlights include tile showers, in-unit washer/dryer, carpeted bedrooms, and private balcony or patio space. Ample parking surrounds the buildings. With a desirable 95% occupancy rate, this package is stabilized in an A+ location yet still has tons of future value-add potential. Overland Park is loved for its top-rated schools, vibrant community life, and easy access to Kansas City’s amenities while maintaining a safe, family-friendly environment. Don’t miss this opportunity to own a piece of Overland Park’s real estate market with updated amenities and strong rental performance.

Why we love it: Irreplaceable central location, 76% two-bedroom two-bathroom or larger units. Already stabilized but still has strong future potential. Upgrade the units, add washer/dryer and increase rents in a naturally high appreciation area as tenants turn.

The Challenge: Overland Park never comes cheap. This submarket of Kansas City trades at the lowest caps but enjoys the highest historical rate of appreciation at 11%.

The Value-add Play: Renovate Units with a Luxury finish add washer/dryer in unit.