Stonleigh Court

Stonleigh Apartments consist of 156 units in Leavenworth, KS within the Kansas City metro. .The properties presented a substantial opportunity to add value through interior and exterior renovations and implementing operational efficiencies. All unit rents were well below market. Post-renovation rent increases would vary from $200-$400 based on floorplan. These rents were  at our first property (Pin Oaks Apartment)  in the market. Projected Cash-on-cash return is 13%, IRR 19% and Total return of 102% in 5 years. The property closed in July 2021. The team has been implementing this business plan to drive value.