Log In/Sign Up
Your email has been sent.
Blume Shawnee Townhomes / Apartments 6115 Nieman Rd 29 Unit Apartment Building For Sale Shawnee, KS 66203
Investment Highlights
- Boutique 2023 Construction in Supply-Constrained Submarket
- Tax-Advantaged Cash Flow via Shawnee's KNRA Tax Reimbursement
- Oversized Townhome Floor Plans with Attached Garages
- Heart of Shawnee - Premier Johnson County Address
- Organic Rent Growth with Mark-to-Market Upside
- Core-Plus Profile with Limited Execution Risk
Executive Summary
Northmarq is pleased to present Blume Shawnee, a 29-unit, 2023-built Class A townhome-style community located in the heart of Shawnee, Kansas — one of Johnson County’s most affluent and supply-constrained submarkets. Surrounded by top-rated schools, strong household incomes, established retail corridors, and convenient commuter access, the property benefits from durable renter demand in a premier suburban location.
Blume Shawnee features oversized residences averaging 1,357 square feet overall, including expansive two-bedroom layouts averaging approximately 1,833 square feet. Each unit offers private entrances and attached garages, delivering a true single-family living experience within a professionally managed rental community — a highly differentiated product type in the market.
The asset is currently 93% occupied with in-place rents averaging ~$2,155 and clear mark-to-market upside supported by projected market rents. The 2023 vintage construction limits near-term capital needs, allowing investors to capture organic rent growth without renovation risk. Additionally, the property benefits from a Shawnee Kansas KNRA tax reimbursement that returns approximately 85% of property taxes paid for the remaining nine years of a 10-year term, providing meaningful and predictable NOI enhancement.
Offered free and clear of existing debt, Blume Shawnee presents a rare opportunity to acquire newer construction, large-format townhome product with tax-advantaged cash flow in the core of Johnson County.
Blume Shawnee features oversized residences averaging 1,357 square feet overall, including expansive two-bedroom layouts averaging approximately 1,833 square feet. Each unit offers private entrances and attached garages, delivering a true single-family living experience within a professionally managed rental community — a highly differentiated product type in the market.
The asset is currently 93% occupied with in-place rents averaging ~$2,155 and clear mark-to-market upside supported by projected market rents. The 2023 vintage construction limits near-term capital needs, allowing investors to capture organic rent growth without renovation risk. Additionally, the property benefits from a Shawnee Kansas KNRA tax reimbursement that returns approximately 85% of property taxes paid for the remaining nine years of a 10-year term, providing meaningful and predictable NOI enhancement.
Offered free and clear of existing debt, Blume Shawnee presents a rare opportunity to acquire newer construction, large-format townhome product with tax-advantaged cash flow in the core of Johnson County.
Property Facts
| Sale Type | Investment | Building Size | 39,365 SF |
| No. Units | 29 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Low-Rise | Parking Ratio | 1.75/1,000 SF |
| Building Class | A | Opportunity Zone |
Yes
|
| Lot Size | 2.09 AC | ||
| Zoning | TSQ - Town Square mixed-use | ||
| Sale Type | Investment |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 2.09 AC |
| Building Size | 39,365 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | TSQ - Town Square mixed-use |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Microwave
- Washer/Dryer
- Double Vanities
- Vaulted Ceiling
- High Speed Internet Access
- Stainless Steel Appliances
- Walk-In Closets
- Family Room
- Island Kitchen
- Pantry
- Quartz Countertops
Site Amenities
- On-Site Retail
- Pet Play Area
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 684 |
| 2+2 | 17 | - | 1,833 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | QP47380000-0001 | Improvements Assessment | $1,120,150 |
| Land Assessment | $160,816 | Total Assessment | $1,280,966 |
Property Taxes
Parcel Number
QP47380000-0001
Land Assessment
$160,816
Improvements Assessment
$1,120,150
Total Assessment
$1,280,966
1 of 79
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Blume Shawnee Townhomes / Apartments | 6115 Nieman Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.