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Victoria Arms Apartments 6311 Woodland Ave 124 Unit Apartment Building For Sale Kansas City, MO 64131
INVESTMENT HIGHLIGHTS
- 100% Project-Based Section 8 (Option 3b) with a 10 Year HAP Expiring March 31, 2032
- Modernized with Low Income Housing Tax Credits in 2012 - Initial Compliance Period Expires January 1st, 2027
- Close proximity to Hospital and Social Security Office
- REAC/NSPIRE Score - 86
- Located in a Qualified Census Tract (130% basis) for Low Income Housing Tax Credit (LIHTC) rehabilitation
EXECUTIVE SUMMARY
Victoria Arms is located at 6311 Woodland Avenue in Kansas City, Missouri and consists of 124 (1) bedroom units designated for seniors and disabled persons. Victoria Arms offers an excellent in-fill location within a strong and established residential community. The site benefits from convenient access to key employment centers, public transportation, and major thoroughfares, including U.S. Highway 71 and I-435, providing seamless connectivity throughout the Kansas City metropolitan area.
The property operates under a Project-Based Section 8 - Option 3b (100%) housing program, ensuring long-term rental stability and consistent occupancy through the federally subsidized housing contract. This structure provides predictable cash flow, reduced turnover risk, and alignment with the ongoing demand for quality, affordable housing in the Kansas City market. Victoria Arms also leases some of the parking spaces to Brookside Charter School and has cell tower income for additional cash flow.
Victoria Arms provides a savvy, affordable investor the opportunity to utilize HUD's Section 209 Use Agreement Swap to unlock close to $300 in rent potential/upside. An ideal property for the Section 209 Swap would be a current Low Income Tax Credit property of similar unit size and located near Victoria Arms.
The property operates under a Project-Based Section 8 - Option 3b (100%) housing program, ensuring long-term rental stability and consistent occupancy through the federally subsidized housing contract. This structure provides predictable cash flow, reduced turnover risk, and alignment with the ongoing demand for quality, affordable housing in the Kansas City market. Victoria Arms also leases some of the parking spaces to Brookside Charter School and has cell tower income for additional cash flow.
Victoria Arms provides a savvy, affordable investor the opportunity to utilize HUD's Section 209 Use Agreement Swap to unlock close to $300 in rent potential/upside. An ideal property for the Section 209 Swap would be a current Low Income Tax Credit property of similar unit size and located near Victoria Arms.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 124 | Lot Size | 2.58 AC |
| Property Type | Multifamily | Building Size | 102,244 SF |
| Property Subtype | Apartment | No. Stories | 9 |
| Apartment Style | Mid-Rise | Year Built | 1977 |
| Zoning | R-.05 | ||
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 102,244 SF |
| No. Stories | 9 |
| Year Built | 1977 |
| Zoning | R-.05 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- Business Center
- Laundry Facilities
- Picnic Area
- Lounge
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 124 | - | - |
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PROPERTY TAXES
| Parcel Number | 47-140-01-44-00-0-00-000 | Improvements Assessment | $605,376 |
| Land Assessment | $23,564 | Total Assessment | $628,940 |
PROPERTY TAXES
Parcel Number
47-140-01-44-00-0-00-000
Land Assessment
$23,564
Improvements Assessment
$605,376
Total Assessment
$628,940
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Victoria Arms Apartments | 6311 Woodland Ave
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