1100 Northeast Independence Avenue,
Lee's Summit, Missorui 64086
504 Northeast Chipman Road,
Lee's Summit, Missouri 64063
Huge Rental Upside Across the Portfolio
Pheasant Run and Summit Point offer a portfolio with nearly 60% classic units (100% at Summit Point and 40% at Pheasant Run), giving new ownership the opportunity to achieve significant rent upside of ~$218/ unit/month. Through investing in unit upgrades, amenity modernizations, and strategic exterior cosmetic capex, new ownership will be able to increase annual rental income by approximately $680,000 across the two properties.
Well-Kept 1980s Vintage Assets
Built in 1986 and 1985, Pheasant Run & Summit Point offer modern construction and have seen consistent upkeep, allowing a new owner to focus their attention and capital on property-wide unit upgrades and strategic amenity / exterior improvements.
Unique Market Dynamics in Lees Summit Create Ideal Value-Add Opportunity
Lees Summit, MO offers some of the best multifamily dynamics of any market throughout the Kansas City MSA. The submarket has seen over 10% rent growth since Q1 of 2021 and maintained a market occupancy rate in the mid 90% range despite having over 1,300 units delivered in the same time period. In addition, Lee’s Summit has some of the best demographics in the Kansas City MSA and has continued to see strong population growth in recent years, exceeding 1% annually.
Vinyl Plank Flooring*, Stainless Steel Appliances*, In-Unit Washer/Dryer*, Dishwasher, Walk-In Closet
*Select Units Only
Package Service, Grill, Picnic Area, Fitness Center, Lounge, Cyber Café, Fitness Center, On-Site Management, Pool
Dishwasher, Disposal, Linen Closet, Patio/Balcony, Pantry
Pool, Sundeck, Extensive Green Space, Grill, Laundry Facilities
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