Kenwood II

One-of-a-kind trophy property in the most highly sought-after neighborhood of Kansas City! Brand new construction of nine gorgeous, well-designed multifamily apartments of the highest quality construction. Each apartment contains two bedrooms, two full bathrooms, and a large open kitchen and living room. The open kitchen/living area opens onto a spacious balcony perfect for outdoor entertaining. The views off the balcony overlook scenic Gillham Park and showcase the Kansas City skyline. Residents will fall in love with the energy-efficient all-electric units, each with its own washer/dryer. Contemporary high-end luxury finishes and appliances attract a discerning tenant who wants a carefree lifestyle, minutes from Kansas City’s major employers. New construction multifamily of this caliber and quality is rare. Even more
unique is this prime high-demand location. The selective investor lucky enough to own this gem will enjoy extremely low expenses and high appreciation for decades.

This area is just minutes from the city’s central business districts, including downtown Kansas City, home to major employers such as Cerner Corporation (now Oracle), H&R Block, and Hallmark Cards. Additionally, the University of Kansas Hospital and Children’s Mercy Hospital, both major healthcare hubs, are within a short 5-minute drive. This makes Kenwood II particularly appealing for healthcare, tech, and corporate professionals.

Residents will enjoy the convenience of being close to Country Club Plaza, a premier shopping destination in Kansas City. Just a five-minute drive away, the Plaza offers high-end boutiques, national retailers, fine dining restaurants, and vibrant nightlife. For daily needs, local grocery stores and shops, including Whole Foods, Trader Joe’s, and Sun Fresh, are easily accessible.

For those who enjoy outdoor activities, Gillham Park is within walking distance, providing green space for picnics, walking, and recreational sports. The property is also near Loose Park, one of the largest parks in Kansas City, known for its scenic rose gardens and walking trails. Art enthusiasts will appreciate the close proximity to the Nelson-Atkins Museum of Art, famous for its iconic shuttlecock sculptures and impressive art collections.

This location offers the best of both worlds: a peaceful, tree-lined street in a historic neighborhood with a gorgeous, high-end modern building offering the latest design style and energy efficiency. Whether you’re a young professional, a student attending the University of Missouri-Kansas City (UMKC), or a retiree seeking a low-maintenance lock-and-leave lifestyle, this property caters to a wide array of residents. Renters will appreciate the proximity to jobs, shopping, dining, and cultural experiences while still enjoying the charm and tranquility of a well-established community.

The Value Add Play: Getting units to market rates would include adding in-unit washer/dryer, there is a perfect laundry room location that already exists in the units, which would allow the current laundry room to be converted to the 12th unit

Why We Love It: Gorgeous, brand new flawless construction in a hyper-desirable location. Equally as easy to look at as it will be to own. Beauty and brains together in this one perfect asset.

Challenges: Lease up all units and transition to operations while keeping the expense ratio low. Consider furnishing at least a few of the units for traveling professionals to capitalize on the key medical and employment hubs nearby.