320 Hannah Todd Place
Lexington, KY 40509
Premier Quality Asset – 2021 Construction
Parkside Heights Apartments showcases exceptional high-quality construction. Impressive interior finishes include soaring 9-foot ceilings, kitchen islands, as well as oversized balconies and patios. Popular amenities that increase tenant retention include an updated clubhouse, two pools, grill area, and a 24-hour fitness center.
Value-Add via Washer and Dryer Additions
Each unit at Parkside Heights is equipped with washer/dryer hookups, providing tenants with the convenience of doing laundry within the comfort of their homes. However, the property does not currently provide machines, allowing tenants the flexibility to bring their own. By offering washer and dryer machines, the property can generate an additional $75 per month from each tenant, contributing to an impressive annual income boost of $127,395. This pricing strategy aligns with the market standards, ensuring competitiveness while capitalizing on the demand for in-unit conveniences.
Units Among Largest in Submarket
Parkside Heights offers a well-thought-out unit mix, comprising 1-bedroom, 2-bedroom, and 3-bedroom apartments. This diverse range caters to a broad spectrum of tenants, from individuals seeking cozy spaces to families requiring more extensive accommodations. The generous average unit size of 1,122 square feet further enhances its appeal, ranking among the largest in the submarket for similar properties. This not only positions Parkside Heights as a stand out choice for those looking for spacious living but also strengthens its competitive edge in the local real estate market. The larger unit sizes contribute to increased tenant satisfaction, making the property a compelling option for investors seeking both immediate returns and long-term value appreciation.
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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