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Concordia I & II Apartments 1610 Archer St 46 Unit Apartment Building $1,550,000 ($33,696/Unit) Concordia, KS 66901
INVESTMENT HIGHLIGHTS
- 100% Project Based Section 8 - Option 3b
- Concordia II - REAC/NSPIRE Score - 81 (Dec. 2024)
- Tax Credit Eligible
- Concordia I - REAC/NSPIRE Score - 93 (Aug. 2024)
- Professionally Managed
- Concordia I - Built in 1970 & Concordia II - Built in 1978
EXECUTIVE SUMMARY
Ideally situated at 1610 Archer Street in Concordia, Kansas, Concordia Apartments I & II offer a prime location that combines neighborhood tranquility with exceptional connectivity. Concordia Place I consist of 24 units - (4) 1 bedroom, (12) 2 bedroom and (8) 3 bedroom units. Concordia Place II consists of 22 units - (4) 1 Bedroom, (14) 2 Bedroom and (4) 3 bedroom units. Concordia Place I & II are contiguous properties and 100% Project Based Section 8 assets (Option 3b).
The properties are positioned within a well-established residential area just minutes from downtown Concordia, providing residents convenient access to the community’s retail, dining, and professional services.
The properties benefit from their proximity to major local demand drivers, including Cloud County Community College, Concordia High School, and regional healthcare facilities. Their location also offers easy access to parks, recreational amenities, and key transportation routes, enhancing both livability and long-term tenant retention.
This desirable setting within a stable and growing community positions Concordia Apartments I & II as an attractive multifamily investment opportunity—offering sustained occupancy potential, consistent rental demand, and enduring appeal in the Concordia market.
The properties are positioned within a well-established residential area just minutes from downtown Concordia, providing residents convenient access to the community’s retail, dining, and professional services.
The properties benefit from their proximity to major local demand drivers, including Cloud County Community College, Concordia High School, and regional healthcare facilities. Their location also offers easy access to parks, recreational amenities, and key transportation routes, enhancing both livability and long-term tenant retention.
This desirable setting within a stable and growing community positions Concordia Apartments I & II as an attractive multifamily investment opportunity—offering sustained occupancy potential, consistent rental demand, and enduring appeal in the Concordia market.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 2+1 | 26 | - | - |
| 3+1 | 12 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 082-04-0-40-02-001.00-0 | Total Assessment | $63,195 |
| Land Assessment | $881 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $62,314 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
082-04-0-40-02-001.00-0
Land Assessment
$881
Improvements Assessment
$62,314
Total Assessment
$63,195
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Concordia I & II Apartments | 1610 Archer St
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