Liberty View Liberty, MO

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Liberty View

Address

506 North Skyline Drive
Liberty, MO 64068

Summary

  • Units: 93
  • Year Built: 1971
  • Year Renovated: 2022-2023

Investment Highlights

  • Outstanding Location with Immediate Access to Neighborhood Retail & Amenities 
  • Tremendous Upside Available through Interior Renovations ($70/Unit) 
  • Substantial Upside through Improving Leasing & Operations 
  • Nearby Recent Class A Development Provides an Extremely High Rent Ceiling
  • Extensive Recent CapEx Projects Completed by Current Ownership
  • Extremely Attractive In-Place Debt (3.02% Rate, 35-Year Amortization)

Outstanding Location with Immediate Access to Neighborhood Retail & Amenities 

Liberty View Apartments benefits from a prime location within the highly sought-after city of Liberty, MO. This thriving area boasts a strong local economy, a variety of employment opportunities, a range of amenities, and strong public schools making it an appealing place for residents to live. The property’s location ensures consistent tenant demand in a quiet neighborhood setting providing a stable rental market for investors. 

With convenient access to major transportation routes, including Highway 291, 152 and Interstate 35, Liberty View Apartments offers residents seamless connectivity to employment centers, schools, shopping centers, and recreational facilities. The property’s proximity to these key amenities enhances its market appeal, attracting a wide range of prospective tenants. 

Tremendous Upside Available through Interior Renovations ($70/Unit) 

Liberty View Apartments presents an enticing value-add opportunity for investors to unlock rent growth potential and enhance property performance. With only 54 units renovated by the current ownership, the remaining 54 units offer ample room for upgrades and improvements, allowing new owners to capture rent premiums and significantly increase the property’s cash flow and overall value. 

By implementing light interior upgrades and enhancements such as modern flooring, updated appliances, refreshed countertops, painted cabinets, and improved lighting and plumbing fixtures, new ownership can achieve notable rent upside. Renovating the remaining classic units and leasing up vacancy has the potential to generate increased rental income by over $365,000 annually, delivering a substantial boost to the property’s financial performance. 

Substantial Upside through Improving Leasing & Operations 

Liberty View presents an attractive investment opportunity with substantial upside potential through improved leasing and operations. By implementing strategic marketing initiatives, optimizing rental rates, and enhancing property management practices, investors can drive increased occupancy rates, minimize turnover, and maximize rental income. Furthermore, diligent expense management and operational efficiencies can contribute to higher net operating income, enhancing the property’s overall financial performance and long-term value. 

Points of Interest

Amenities

Tenant Services

Unit Amenities

  • Dishwasher 
  • Vinyl Flooring
  • Spacious Closets
  • Balcony, Deck, Patio

Community Amenities

  • On-Site Laundry Facilities
  • Pool

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.


TJ Wahl

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

Matt Ledom

Senior Managing Director
MMG REA
BK3594533
913.620.6502 matt.ledom@mmgrea.com

Jake Sullivan

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

Harry Trotter

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

Thomas Skevington

Senior Advisor
MMG REA
913.231.1086 thomas.skevington@mmgrea.com

Michael Sullivan

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

Alex Blagojevich

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

Get in Touch

Address

MMG Real Estate Advisors

601 Westport Road

Kansas City, MO 64111