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33799830
33800113

920 North 2nd Street, Leavenworth, KS 66048

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
$6,800,000
1 day on market
Updated 1 day ago

920 South 2nd Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 72,000
Cap Rate 7.5%
NOI $510,000
Occupancy 95%
Class C
Year Built 1987
Year Renovated 2021
Buildings 6
Stories 3
Investment Type Value Add
Ground Lease No

1980s | 72 Units | KC MSA

Marketing description

Well-maintained 1980s asset,. This 72 unit sits in the Leavenworth 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 from 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!

This 72 unit is being offered standalone from the rest of the portfolio. The rest of the portfolio is not offered alone.

Investment highlights

  • 50% 2bd 1.5ba
  • Newer Pitched Shingle Roofs
  • High Historical Occupancy
  • Value Add via cosmetic upgrades, parking structures, and RUBS
  • Day One Cashflow
  • Assumable Freddie Debt @ 62% LTV | 6.1% | 6 years
  • Individual Electric and Gas

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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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$510,000.00
$42,500.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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R-MF ResidentialMulti FamilyMultiple Family Residential District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sterling Scott
License
KS 2021033673
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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