Victory Park Grandview, MO

Investment Highlights

• Recently Renovated, Stabilized Asset w/ Limited Deferred Maintenance
• Proven Renovation Premium Across the Remaining Classic Units
• Embedded Mark-to-Market Rent Upside on In-Place Leases
• Durable Income Anchored by Agency Housing Contracts
• Strong Ancillary Income Through Utility Recovery and Fees
• Workforce Housing in a Supply-Constrained Submarket
• Infill Grandview Location Adjacent to Major Retail & Highways
• Operational Upside Through Professional Leasing/Management

Recently Renovated, Stabilized Asset with Limited Deferred Maintenance

Ownership completed a substantial capex program between 2024 and 2026, touching roughly 52 of the 104 units with interior upgrades and has completed significant exterior capex work including parking lot resurfacing. With the heavy capital items already addressed, a buyer is able to inherit a clean, well-kept property and can direct capital toward finishing the last classic units and growing income rather than toward catching up on years of deferred maintenance.

Proven Renovation Premium Across the Remaining Classic Units

The rent roll proves the renovation thesis at the property itself. Renovated and premium units rent well above the standard and upgraded stock. Proven rents both on site and at comparable properties show a clear path to ~$120 in monthly rental increases with light interior renovations. With right about half of the property’s units in classic condition, a new owner has a repeatable, demonstrated playbook to lift rents as those units turn, without relying on speculative market assumptions.

Embedded Mark-to-Market Rent Upside on In-Place Leases

Beyond renovation, in-place rents sit below current asking and market levels across the property. The trailing financials reflect roughly $43,000 in annual loss to lease. As existing leases roll to market, that gap converts to income with no additional capital required. This is steady, low-risk growth layered on top of the renovation runway.

Amenities