Parkville Place
9203 NW 60th St,
Parkville, MO 64152
Riverside Heights
4424 NW Hon Dr,
Riverside, MO 64150
Prime Locations – Rated A+ By Niche with Exceptional Demographics
Ranked among the best places to live in Missouri, Parkville and Riverside offer stunning parks, a vibrant downtown, and a wide array of shops and dining options. With an impressive A+ rating from Niche, these cities consistently excel in the housing market, particularly in the following key areas:
Parkville & Riverside
• “Good for Families” – A+ Rating
• “Jobs and Public Schools” – A Rating
• “Public Schools” – A Rating
• “Diversity” – A Rating
• Median Home Value: $456,000 in Parkville
• Median Household Income: $173,000 Parkville
Located in Leading Park Hill School District
With an overall Niche grade of “A,” the Park Hill School District boasts top-rated sports and college preparatory programs. As one of the leading school districts in Missouri, it’s home to more than 11,000 students and 850 employees across the district’s 11 elementary schools, four middle schools, and two high schools. The district is consistently ranked among the very finest nationwide for its academic excellence and high student performance, and has also garnered the following commendable local distinctions:
• Academic Program – A Rating
• College Prep Program – A Rating
• #15 Best School District in the State of Missouri
$200 Per Unit (Monthly) in Proven Value Add Upside with Interior Upgrades
Constructed in the 1970s and partially renovated in 2023, the North Kansas City Collection offers classic interior finishes in roughly 70% of units, giving new ownership the opportunity to achieve significant rent upside of over $200 per unit (monthly). Cosmetic upgrades have been implemented on 30% of the units, successfully proving the upside potential. Depending on the floor plan, the top premiums for these renovation averages range as high as $184 for 1-bedroom units and $230 for 2-bedroom units. Cosmetic upgrades to the kitchen cabinets, combined with the addition of vinyl flooring and solid-surface countertops, in addition to new stainless appliances, upgraded bathrooms, and an updated lighting package will enable annual rental income to be pushed significantly!
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.
MMG Real Estate Advisors
601 Westport Road
Kansas City, MO 64111