North Kansas City Collection Parkville & Riverside, MO

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North Kansas City Collection

Address

Parkville Place
9203 NW 60th St,
Parkville, MO 64152


Riverside Heights
4424 NW Hon Dr,
Riverside, MO 64150

Summary

  • Parkville Place
  • Units: 168
  • Built: 1973
  • Riverside Heights
  • Units: 168
  • Built: 1970/1979

Investment Highlights

  • Prime Locations – Rated A+ By Niche with Exceptional Demographics
  • Located in Leading Park Hill School District
  • $200 Per Unit (Monthly) in Proven Value Add Upside with Interior Upgrades
  • Incredibly Well Positioned and Surrounded by New Construction
  • Strategic Northland Locations Near KC’s Top Employers & Demand Drivers
  • Offered Free & Clear of Existing Debt

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!

Amenities

Location Map

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.

Harry Trotter

Harry Trotter

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

TJ Wahl

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

Colson Bayles

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

Brayden Graham

Associate Advisor
MMG REA
913.213.7141 brayden.graham@mmgrea.com
Brett Meinzer

Brett Meinzer

Managing Director
MMG REA
816.516.8515 brett.meinzer@mmgrea.com
Jake Sullivan

Jake Sullivan

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

Alex Blagojevich

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

Michael Sullivan

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

Get In Touch

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111