Property Facts

The subject offering, Parkway Gardens, is a 2-building, 45-unit apartment complex ideally located in the heart of Kansas City, Missouri. Access to the on-site parking lot (80+ spaces) is provided off of historic Paseo Blvd. In total, the Parkway Gardens consists of 15 studios, 6 one-bedrooms, and 24 two-bedroom units, approximately 450 SF, 690 SF, and 800 SF, respectively. All are separately metered for gas and electric service.  Operate As Is or complete additional upgrades to exterior and boost rents. Ideally situated east of the Brookside shops and restaurants, this asset provides a much-needed affordable housing option for the surrounding neighborhoods while remaining in the path of economic progress. Over $250 million has been invested in neighboring office and multifamily properties over the past 5 years. All units have been recently renovated and include in-unit washer/dryers. The property has received approximately $2,000,000 in capital improvements within the last 3 years.