Justin Place
2607 East 29th Street, Kansas City, MO, 64128, US
96 units
Attributes
Number of units
101
Year built
1970
Year renovated
2004
Occupancy
92%
Building area net
7,747 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale Northwoods Apartments. This 94% occupied, 101-unit mixed income property is located in Kansas City, MO and benefits from a project-based Section 8 (HAP) contract on 62% of the units. The Offering presents Investors the opportunity to deploy capital into an inflation-protected, government backed asset that benefited from a 27% increase to contract rents in October 2024.
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Investment Highlights
- Partial HAP Contract Provides Stable Operations
- Recent Significant Contract Rent Increase
- Proximity to Economic Drivers & Ease of Access
Media
Northwoods (0 Properties)
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Last updated
14 Oct 2024