124 Unit Portfolio Sale - KC MSA
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
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