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32295242
32295243

3 Locations

SS
Mo#2021033673
Sterling H Scott
SS
IA B59568000, KS BR00052095 (+1)
SVN | Encompass Commercial, LLC
Listed by Sterling H Scott, SVN | Encompass Commercial, LLC
$11,800,000
31 days on market
Updated 31 days ago

124 Unit Portfolio Sale - KC MSA

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 124,000
Units 124
Cap Rate 7.42%
NOI $875,000
Tenancy Multi
Year Built 1980
Year Renovated 2025
Buildings 3
Investment Type Value Add

Multifamily | 1980s | 124 Units

Marketing description

Three well-maintained 1980s assets, one compelling opportunity. This 124-unit portfolio sits at the heart of the Leavenworth/Lansing submarket — a Kansas City metro corridor anchored by Fort Leavenworth, the VA Medical Center, the U.S. Federal Penitentiary, the Lansing Correctional Facility, and a diversified government employment base that performs through cycles. This Submarket boasts a higher than average median household income of $83k+. Collectively 97%+ occupied with zero new supply in the pipeline, the portfolio offers structural occupancy protection from day one. With units in classic and renovated condition, a new owner inherits a cash flowing asset with options for continued growth. The regional momentum is equally compelling — the portfolio sits just minutes north of the rapidly growing Legends corridor in Wyandotte County, where the Kansas City Chiefs are building a $3 billion domed stadium set to open for the 2031 NFL season, projected to generate over 20,000 jobs and $4.4 billion in economic impact for Kansas. Solid bones, strong occupancy, and a market on the rise — this portfolio checks every box. Management can stay on, making this a true turn-key cash flowing asset!

Investment highlights

  • 124 units across three properties
  • Strong Occupancy
  • Day 1 Cash Flow
  • Desirable 1980s bones
  • Separate Water/Electric/Gas meters across most units
  • Strong Demand Drivers
  • Zero New Supply
  • Majority two bedroom units
  • Laundry in unit or in basement

Listing Contacts

SS
Mo#2021033673
Sterling H Scott
SS
IA B59568000, KS BR00052095 (+1)
SVN | Encompass Commercial, LLC
Listed by Sterling H Scott, SVN | Encompass Commercial, LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$875,000.00
$72,916.67/mo

Valuation Metrics

0
DSCR
7.42%
Cap Rate
7.42%
ROI

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Additional Information

Name
Sterling Scott
License
#BR00052095
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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