Westchester Apartments

8000–8034 E. 88th Terrace | Kansas City, MO 64138

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Investment Highlights

Westchester Apartments is an 18-unit, two-building multifamily community set on mature, tree-lined green space in an established residential pocket of southern Kansas City. Every residence is a one-bedroom, one-bath floor plan with an assigned parking space, a private balcony or patio, in-unit central heating and air, and separately metered utilities — a combination that keeps operations efficient and tenant demand consistent. The asset is a proven value-add play. Ownership has invested roughly $100,000 in capital improvements — renovating all common areas, hallways, and laundry rooms, adding a security system, and updating 12 of the 18 units. There is also potential to add as many as six more units, growing the rentable count from 18 to 24.

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Investment Strategy

Three clear, sequential paths to grow net operating income and long-term value.

01

Proven Value-Add Program

Ownership has already invested roughly $100,000 —renovating all common areas, hallways, and laundry rooms and updating 12 of the 18 units. The remaining classic units provide a de-risked runway to continue the program at a known cost and result.

02

Mark-to-Market Rent Growth

Renovated units achieve $935 to $1,055 per month while the classic units sit well below at roughly $725. Completing renovations and re-leasing to market lifts net operating income from about $90,000 toward a pro forma $105,000.

01

Expansion to 24 Units

The property offers the potential to add as many as six additional units —growing the count from 18 to 24 and, as reflected in Pro Forma 2, lifting stabilized net operating income toward $174,000. Details available in due diligence.

Property Summary

Westchester Apartments

8000–8010 & 8016–8034 E. 88th Terrace, Kansas City, MO 64138

PROPERTY DETAILS

UTILITIES

Exterior & Grounds

Renovated Interiors

RENOVATED KITCHEN

LIVING AREA

RENOVATED KITCHEN

BEDROOM

UPDATED BATH

KITCHEN, DINING & HALLWAY

Market Overview

A growing metro with strong renter demand, rising rents, and a resilient economy.

Kansas City Multifamily Market At A Glance

$1,355

AVERAGE RENT

KC metro

2.5%

YEAR GROWTH

Year-over-year

94.5%

OCCUPANCY

Stabilized

#4

U.S . RENT GROWTH

KC metro

RESILIENT KANSAS CITY FUNDAMENTALS

Kansas City entered 2026 with balanced fundamentals: average asking rents rose 2.5% year-overyear to $1,355 — fourth among Yardi Matrix’s top-30 markets — while stabilized occupancy held at 94.5%. Class C product, Westchester’s segment, has led the metro in rent growth.

Affordability & Outlook

Among the most affordable major U.S. metros, with expanding demand drivers — including Google’s $10B data-center campus under construction — and positive rent growth projected through 2026.

KC RENT GROWTH BY CLASS · Q2 2025 (YoY)

Financial Analysis

OPERATING STATEMENT

Rent Roll

ALL UNITS 1 BED / 1 BATH · 775 SF · AS OF MAY 2026

Sales Comparables

RECENT MULTI FAMILY SALES · KANSAS CITY METRO · CLOSED JANUARY – JULY 2026

Disclosures

This Offering Memorandum contains financial information, assumptions, and forward-looking projections that are based on estimates and expectations regarding future events, market conditions, and operating performance, which may or may not materialize. No representation or warranty is made as to the accuracy or completeness of such information, and no tax, legal, or accounting advice is intended or implied. Actual operating results may vary materially depending on market conditions, management practices, and other factors. All information is provided solely for the purpose of assisting prospective purchasers in determining whether the property is of potential interest. Prospective buyers are encouraged to conduct their own independent due diligence and to verify all information, including but not limited to the property’s physical condition, unit mix and occupancy, income and expense assumptions, tax considerations, and any other factors that may impact valuation or investment performance.

Cedar Vault Capital is focused on identifying and evaluating small to mid-sized multifamily
opportunities in growth-oriented U.S. markets through conservative underwriting, disciplined execution
planning, and long-term value creation.

Contact

CedarVaultCapital.com

1718 Capitol Avenue, Cheyenne, WY 82001

© 2026 Cedar Vault Capital LLC - Mailing: 1718 Capitol Avenue, Cheyenne, WY 82001

This material does not constitute an offer or a solicitation to purchase securities. Accredited investors only. 506(c) offering. An offer can only be made by the Private Placement Memorandum (PPM). This document or page is an informational summary of prospective investment opportunities only. The PPM and its exhibits contain complete information about the Property and the investment opportunity. *