920 South 2nd Street
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
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