Highlights

• Specious units, includes studios, 1,2 and 3 bedroom units
• Fully equiped Kitches

• Leasing office

Description

Santa Fe Village Apartments is a 215 unit apartment complex located close to 85th Street on Holmes Rd. in Kansas City, Missouri. The property offers a nice mix of floor plans from studio apartments to 3 bedroom units that are specious and fully equipped. For
Santa Fe Village is comprised of 20 buildings with brick siding and asphalt shingles pitched roofs.
Property was built in early 1970s and has gone through few renovations in time. The current owners have recently updated the property. The new upgrade includes a fresh coat of high quality paint on brick façade, new roofs on all buildings but 5, which are less than 5 years old, replacement of mechanical equipment, carpets, appliances and other items as needed and extensive landscaping that will be scheduled for this fall.
The Property financial information adjusted for utilities, etc. on annualized basis shows approximately 8 cap for the investor. Once the property reaches its market rent collection, broker proforma shows it would deliver approximately 11 cap for investors. If you like more information, please identify youself, the buyer and provide information about the buyer's qualification and ablity to purchase this asst

100% occupied for last 2 months shows the strength of the location. Property is located in southern part of Kansas City, Missiouri near 85th street and Holmes Rd. Close to major employment centers, highways, and few mintus to Country Club Plaza, University of Missouri, Kansas City (UMKC).
The area employment is substantial and traffic is continues at this property, this is shown by constant high occupancy rate of the property.