Historic Midtown Asset: Classic 1920s brick building in the Roanoke neighborhood, surrounded by Westport, KU Med, and the Plaza. Stabilized Core Systems: Major capex completed—new roof, parking lot, electrical, water heaters, and structural upgrades—reducing near-term risk. Clear Rent Growth: Current average rents ($656–$805) trail market ($725–$945), offering a straightforward path to income growth through unit renovations. Operational Upside: RUBS utility recovery already in place; professional leasing and management can further tighten expenses and drive NOI.
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