Georgetown Apartments & Townhomes 6820 Chapel Dr 104 Unit Apartment Building $9,495,000 ($91,298/Unit) Belton, MO 64012

Located in the heart of Belton, Missouri, the Georgetown Apartments and Townhomes spans over 7 acres encompassing 9 buildings. The expansive 104-unit apartment complex offers a variety of floorplans including studios, 1-bedroom, 2-bedroom, 3-bedroom and 4-bedroom units, ensuring a broad appeal to tenants with diverse needs and preferences. Centered at the site is the spacious community clubhouse (over 4,000 SF) offering a pool, designated offices, community kitchen/fireplace and public bathrooms. Built in phases (1973, 1986 and 1987), the property provides approximately 242 off-street parking spaces to tenants as well as community picnic/grill areas and ample green space. The property is situated across the street from the renovated fire and police station, offering easy access to essential services and an attractive choice for residents seeking convenience, community amenities and retail shopping. This well-maintained strategically located asset provides a range of living options, amenities and substantial potential for future development in an area poised for continued growth due to ongoing developments and job centers (Southview Commerce Center) in the vicinity.
Of the 104 units at Georgetown, 24 are considered townhome units, varying from 2-bedroom to 4-bedroom layouts (all 2-story floorplans). The townhome units differ from the 80 apartment units in that they possess fully equipped kitchens, central air/heat, individual hot water heaters, washer/dryer hookups and basements. The 80 apartments units (ranging from studios to 2-bedroom units) provide ample closet spaces, PTAC units (cooling/heating), carpet/vinyl/laminate flooring, vaulted ceilings/skylights (2nd floor units) and balconies/patios. Water reimbursement fees have been implemented to recoup the landlord paid water bills ($65/month to $75/month – varies by unit). The apartment buildings are each serviced with coin-operated laundry care centers (5 buildings – Jetz lease) located in the basements. The buildings are separately metered for gas/electric and have common water/hot water. The property has a history of high occupancy (over 98% occupied over last 2 years) with excellent on-site management/maintenance.