Meadowbrook Apartments Independence, MO

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Meadowbrook Apartments

Address

2141 S Swope Dr
Independence, MO 64057

Investment Highlights

  • Well Positioned for Value-Add Implementation ($162/Unit in Potential Rent Upside)
  • Desirable Unit Mix with a Range of Options
  • Opportunity to Achieve Immediate Scale at a Great Basis
  • Excellent Highway Access & Proximity to Neighborhood Retail and Amenities
  • Attractive In-Place Assumable Debt (4.19% Interest Rate)

Well Positioned for Value-Add Implementation ($162/Unit in Potential Rent Upside)

Meadowbrook Apartments presents an ideal opportunity for new ownership to implement value-add strategies and realize significant rent premiums underwritten at $140/unit over the current effective rents. By undertaking light interior cosmetic updates, such as flooring upgrades, appliance replacements, and modern fixtures, new owners can achieve rent upside and significantly increase annual rental income.

Desirable Unit Mix with a Range of Options

Meadowbrook Apartments offer a desirable unit mix that caters to various renter preferences. The property features a range of unit options, including studios, 1-bedroom, and 2-bedroom units. This diverse unit mix allows for flexibility in attracting and accommodating different tenant profiles, expanding the potential tenant pool and maximizing occupancy rates.

Opportunity to Achieve Immediate Scale at a Great Basis

Meadowbrook Apartments offers an opportunity to achieve immediate scale within the Independence, MO market at an outstanding cost basis. With 113 units, this property provides substantial scale that can be efficiently managed, allowing for improved operational efficiencies. Investors seeking to establish or expand their presence in the market have the opportunity to pair this with The Hudson Apartments as well for an additional 253 units in the immediate submarket.

Points of Interest

Amenities

Tenant Services

Unit Amenities

  • Garbage Disposal
  • Dishwasher
  • Patio or Balcony
  • Window Covering
  • Wheelchair Accessible (Rooms)
  • Laminate Plank/Carpet Floors

Community Amenities

  • Pet Friendly
  • Playground
  • Laundry Facilities
  • Picnic Areas
  • Access to 291, I-70 and Hwy 40
  • Independence Public Schools Library, Shopping, & Entertainment Choices Nearby

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively. 


MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.


TJ Wahl

Senior Advisor
MMG REA
816.508.7127 tj.wahl@mmgrea.com

Colson Bayles

Associate Advisor
MMG REA
913.515.0544 colson.bayles@mmgrea.com

Matt Ledom

Senior Managing Director
MMG REA
BK3594533
913.620.6502 matt.ledom@mmgrea.com

Jake Sullivan

Associate Advisor
MMG REA
913.553.1733 jake.sullivan@mmgrea.com

Harry Trotter

Senior Advisor
MMG REA
913.426.3617 harry.trotter@mmgrea.com

Kyle Winston

Senior Advisor
MMG REA
913.375.8254 kyle.winston@mmgrea.com

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com

Get in Touch

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111