Sunrise Apartments

Sunrise Apartments is a four-building, garden-style community featuring 30 units with a favorable mix of 20 two-bedrooms and 10 one-bedrooms. Built between 1978 and 1985, the property offers ample off-street parking, two on-site laundry machines, and new roofs. Most units are in classic condition with oak cabinets and carpeted living areas, providing clear upside through cosmetic updates as units turn.

Located just a quarter mile from Downtown Bonner Springs, residents enjoy walkable access to local coffee shops, restaurants, and retail. New luxury apartments are currently under construction nearby, signaling growing demand in the area.

Bonner Springs benefits from its proximity to The Legends shopping and entertainment district and is poised for a major boost with the $488 million Mattel Adventure Park and Margaritaville Kansas City both expected to attract significant tourism and fuel regional growth. The area is also emerging as a hub for warehouse and distribution, driven by its strategic location and transportation infrastructure.

With strong fundamentals, a clear value-add path, and immediate access to Kansas City’s employment base, Sunrise Apartments presents investors with the opportunity to capture income growth in a rapidly developing submarket.

Why We Love It: This property has everything we look for in a rental property, laundry, parking, and 67% two bedroom units. Small town living vibe with access to broader employment of the Kansas City Metro. Brand new roofs (2024) always make us happy and keep insurance expenses low.

The Challenge: All units will need cosmetic renovations eventually to maximize income making this a perfect value-add opportunity for the savvy investor.

The Value-Add Play:  Renovate units as they turn over to achieve high market rents and capitalize on increased rental demand with new area development.